Invesco Preferred ETF Price & Performance (PGX)

Market participants are moderating their expectations for Federal Reserve rate cuts in 2025, with implied odds favoring only two reductions. Concerns about rising inflation, potentially revised to 2.7%, are influencing this cautious outlook. The Fed is expected to maintain its current rate at this week's meeting, focusing instead on updated economic forecasts.1

Baird has revised its rating for Bank of America Corporation's preferred stock (BAC.PRN) to Outperform. Institutional ownership has risen, with total shares increasing by 2.18% in the last quarter. Despite some minor reductions in holdings by select funds, overall sentiment reflects growing confidence in the stock's potential.2

The Nasdaq-100's 13% decline has drawn attention to equal-weight ETFs like the Direxion Nasdaq-100 Equal Weight ETF, which balances holdings across all index components. This approach contrasts with traditional ETFs dominated by megacaps like Apple and Microsoft, offering diversified exposure amid market volatility.3