First Trust Dow 30 Equal Weight ETF [EDOW] Stock Forecast

The House of Representatives passed the Inflation Reduction Act on Aug. 12. It now goes to President Joe Biden's desk.

Distillate Capital rolls out a second fund, while other funds undergo reorganizations and index changes.

The improving macro backdrop, a strong risk rally and rising volatility leave us moderately pro-risk over coming months, with a preference for credit.

Our leading economic indicators suggest growth is gaining momentum. Global market sentiment continues to improve, as evidenced by broad-based outperformance of risky assets over defensive assets in both equity and fixed-income markets.

Industrial production rose 3% in July. This followed a rise in May and June.

A recent article on this website claimed that CNN's Fear & Greed index can be used to avoid drawdowns that average 8.7%.

The final months of the year are going to be extremely challenging for the global economy, with experts predicting another significant wave of COVID-19 which risks further restrictions around the world at the expense of businesses that are already struggling to cope.

When markets are pushing extremes, it seems like it is a no-lose scenario for investors. It is at those moments when selling high becomes opportunistic, but is incredibly hard to do for the Fear Of Missing Out (FOMO).

During extended bull markets, rationalization becomes commonplace to justify overpaying for value. One such rationalization is the permanent shift in valuations higher due to changes in accounting rules, share buybacks, and greater adoption by the public of investing (aka ETFs).

Factors driving the tech-fueled market selloff. U.S.

First Trust Dow 30 Equal Weight ETF is a US stock and trading under the symbol EDOW

First Trust Dow 30 Equal Weight ETF stock price is $28.4677 today.

Yes, First Trust Dow 30 Equal Weight ETF is a publicly traded company.