Goldman Sachs Strategist's Skepticism: Tony Pasquariello from Goldman Sachs doubts that a potential Federal Reserve rate cut in September will lead to a significant influx of cash into the stock market from money-market funds.
Current Money-Market Fund Status: There is currently $7.186 trillion in U.S. money-market funds, and Pasquariello notes that previous rate cuts did not result in substantial outflows towards equities.
Contrasting Views on Rate Cuts: Some experts, like Ed Yardeni and Bill Ackman, believe that a rate cut could stimulate the stock market, potentially leading to a rally driven by fear of missing out (FOMO).
Market Performance Update: As of the latest data, major ETFs tracking the S&P 500 and Nasdaq indices were trading lower, indicating mixed market reactions amid speculation about Fed policy changes.
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 620.760
Low
Averages
High
Current: 620.760
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
