Nasdaq Advisor Solutions

Consider a hypothetical scenario: Your client has just inherited $1 million and wants to invest half of it. What’s the best way for you to proceed? Should you invest it all at once or portion it out over time?

Building on the urgency outlined in the first article, this second piece - “25 Years of Evolving Battlefields: How Innovation Shapes Cyber Threats and Security” - examines the evolution of cybersecurity over the past 25 years.

Nasdaq launched the Nasdaq Compoundr U.S. Aggregate Bond^TM Index (NCPAG^TM) and the Nasdaq Compoundr High-Yield Corporate Bond^TM Index (NCPHY^TM), which are tracked by CPAG and CPHY, respectively. In today’s report, we review the strategy and walk through how the rotation works, step-by-step.

While there has been a lot of macroeconomic and fiscal policy noise so far in 2025, the leading secular growth driver for the Nasdaq-100 Index® continues powering ahead.

Linear algebra enables the efficient handling of large datasets and the implementation of complex transformations that underpin many AI techniques, making it a crucial tool in the field.

The global race for artificial intelligence supremacy is often framed as a contest between the United States and China.

As of late August 2025, the economic environment remains uncertain with effective tariff rates now around 15-20% on average across all US imports.

The U.S. real economy has slowed, particularly on the employment front, as Corporate America is in stasis given the ongoing need for clarity and resolution to trade tariff uncertainties.

Trade policy developments continue to unfold, driving risk assets higher over the past two months. Yet uncertainties and cross-currents persist for the U.S. and global economies as the average effective tariff rate on U.S. imports stands to be almost five times higher compared to 2024.

Recent string of U.S. economic data has taken the Citi Economic Surprise Index back into positive territory which has helped broaden the YTD equity rally.

Financial markets’ fading Middle East risks and potential U.S. trade agreement developments have pushed cross-asset volatility lower.

Financial markets’ fading Middle East risks and potential U.S. trade agreement developments have pushed cross-asset volatility lower.

Following another strong Q2 earnings season and post the Jackson Hole Economic Policy Symposium, both U.S. and international equities are hovering near all-time highs driven by steady fundamentals.

Discover what 400+ financial advisors revealed about their income strategies in today’s volatile market. From dividend equities to insurance and options, the landscape is shifting—and your peers are adapting.

Financial advisors are always looking to balance client needs for portfolio growth with income as a total return objective.

A successful retirement requires planning for a variety of retirement risks, and retirees can generally be more prepared by identifying solutions in four key pillars: growth, income, care, and family. Nassau’s comprehensive and customizable annuity portfolio can help retirees plan for these risks.

On April 2, the U.S. announced levying tariffs on its largest trading partners. Following the announcement, the average effective U.S. tariff rate increased from 2.5% to 27%, representing the most significant increase in nearly a century.

The Nasdaq‐100 Index® (NDX®) includes 100 of the largest domestic and international non‐financial companies listed on The Nasdaq Stock Market® based on market capitalization.

A recent industry survey of financial advisors conducted by Nasdaq Global Indexes in collaboration with Wealth Management IQ (the “Survey”) reveals that the majority are relying on centralized resources when deciding which investment vehicles to use.

A recent industry survey of financial advisors conducted by Nasdaq Global Indexes in collaboration with Wealth Management IQ (the “Survey”) reveals that the majority are relying on centralized resources when deciding which investment vehicles to use.

Earlier this year Nasdaq Global Indexes partnered with Wealth Management IQ to survey over 400 financial advisors to gauge prioritization of income in their portfolios and understand the types of income-oriented solutions they are using in client portfolios.

April’s extreme market volatility stemming from unexpectedly severe U.S. tariff policies resulted in the Nasdaq-100 Index® (NDX®)’s 4^th worst 2-day loss since 2007 on April 3^rd and 4^th, followed by the 2^nd best day since 2007 on April 9^th when a 90-day pause in reciprocal tariffs was announced for all countries except China.

Following a spike in volatility and an abrupt drop in equities to start the month, August saw equity markets recover all of their losses on alleviating economic concerns and on the prospects of the Federal Reserve beginning to cut rates in September.

The Nasdaq-100 Index® (NDX®) posted a very strong Q2 earnings season during which 88% of reported companies announced earnings that beat estimates, and the blended year-over-year EPS growth is 35.4% versus estimates of 22.3%.

U.S. equity markets hit new highs early in December driven by expectations for business supportive fiscal policies and deregulation under President-elect Trump, a still resilient U.S. economy, and relatively loose financial conditions—fueling expectations for a broadening in corporate earnings growth.

U.S. large cap equities underperformed throughout most of February while developed international markets (tracked by the Nasdaq DM Ex United States™ Index (NQDMXUS™) have established a clear leadership position YTD, with Europe outperforming (tracked by the Nasdaq Europe™ Index (NQEU™).

Performance across Nasdaq’s suite of indexes finished mostly positive for January. Approximately six out of every seven indexes tracked in our report experienced gains, with the average index up 3.4%.

July saw a meaningful rotation within the equity markets spurred by increased expectations of Fed rate cuts beginning in September.

July picked up where June left off as the Nasdaq-100 Index® (NDX®) rose by 2.4%. This brings the three-month return to 18.6%—the highest three-month return since November 2023 - January 2024.

Performance across Nasdaq’s suite of indexes in June showcased a pronounced level of dispersion across global markets, with a continuation in outperformance across US Large Caps vs. the rest of the world, and within the US, continued strength in Tech and Thematics related to AI.

Following a very strong May when the Nasdaq-100 Index® (NDX®) returned 9%, equities remained resilient as the Nasdaq-100® rose by 6.3% in June and hit a new all-time high in a month marked by heightened geopolitical concerns.

The sweeping tariffs announced by President Trump on April 2^nd roiled global markets and are accelerating the volatility seen over the last seven weeks given the expected impact to U.S. and global growth.

Performance was largely positive for the 106 indexes tracked in the report for May, with 97 indexes advancing and 9 retreating. The average return across the 106 indexes was 4.5%, a reversal from the previous month when the average return was -3.8%.

Risk assets continued to rally in May on the ongoing de-escalation of trade tensions between the U.S., China, and the European Union. The Nasdaq-100 Index® (NDX®) returned 9% in May and is +1.6% YTD.

Broader U.S. equity markets soared to new highs following a “Red Sweep” in the U.S. elections on November 5^th as the prospect of business supportive fiscal policies and deregulation loom under a second Trump administration.

The Nasdaq-100 Index^® (NDX^®) fell from its October all-time highs as it finished a turbulent November 2025 lower by 1.6% though a strong last week of the month helped to temper the losses. NDX is still up by 21% YTD.

Broader U.S. equity markets are hovering near their highs driven by fundamentals as Q3 2024 earnings are coming in solid while incoming economic data is steady.

With U.S. equity volatility receding to below the five-year average of around 24 on the VXN (the CBOE NDX Volatility Index) after Q2 peak trade tariff concerns, markets became relatively complacent.

Following the Federal Reserve cutting rates at the higher end of expectations by 50bps—its first rate cut since March 2020—equity markets finished strong in a historically weaker month.

The Federal Reserve cemented that it is more focused on its employment mandate given labor market weakness, superseding inflation dynamics. With its first rate cut since December 2024 out of the way, the debate now shifts to whether the Fed will ultimately catch-down to the markets pricing in a more aggressive rate cutting trajectory relative to FOMC forecasts.

In the previous paper, we explored the various forms of index returns and broke down the difference between funded and unfunded indexes. To recap, there were three forms of index returns – Price Return, Total Return, and Excess Return – with Excess Return Indexes being unfunded.

Strong momentum market environments are built on consistent leadership trends. While the most recent bull market has been fueled by a tech focused AI boom, the industrials sector has quietly held strong relative strength metrics over the course of the last few years.

Over 400 financial advisors and wealth management professionals participated in a Wealth Management IQ survey (the “Survey”) commissioned by Nasdaq Global Indexes during the first half of May 2025.

Perhaps the single biggest question on the minds of US equity investors today is to what extent the AI trade resembles previous market bubble episodes, with the late ‘90s Internet/Telecom bubble the closest analogue.

The semiconductor industry is making a powerful comeback. What was once projected to hit $1 trillion by 2030 is now expected to reach that milestone by 2028, according to IDC, nearly two years ahead of consensus.

The Nasdaq International Patent Leaders Index (NQIPL™) was launched on June 24, 2024 to offer investors a differentiated approach to track the largest innovation-driven companies based outside the US.

Generational comparisons and other economic and social trends driving ETF opportunities.

The Nasdaq-100 High Beta Index selects the 25 companies from NDX whose stocks have the highest beta to NDX. Thus, NDXHB returns are exaggerated relative to NDX while still being a long only, equity index.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq dives into advancements in AI announced by Nasdaq-100 companies.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq explores how the recent AI boom differs from the Dot Com Bubble in terms of excess capacity.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses Q1 2025 earnings results for Nasdaq-100 company Apple.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses earnings results for Nasdaq-100 company Boardcom.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses Q1 2025 earnings results for Nasdaq-100 company Cisco Systems.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq, provides a deep dive consumer discretionary, one of the top three sectors by weight in the Nasdaq-100®.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses earnings results for Nasdaq-100 company Costco.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, shares a broad update on earnings for Nasdaq-100 companies, including members of the Mag 7.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq explores the evolution of US large-cap equity indexes.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, CFA, Head of Americas Index Research provides a capstone on Nasdaq-100® performance through the first half of 2025 and highlights key storylines affecting the index.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq, provides a deep dive healthcare, one of the top three sectors by weight in the Nasdaq-100®.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq, provides a deep dive on Nasdaq-100® constituent company Intuitive Surgical.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq explores whether AI is a bubble for the Nasdaq-100.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq provides an update on Microsoft's artificial intelligence cloud computing business and how it is impacting the company's earnings.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses year to date performance for the Nasdaq-100 through June 16, 2025.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, Head of Americas Index Research at Nasdaq, provides a summary of Q1 2025 performance and fundamentals for the index.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, Head of Americas Index Research at Nasdaq, provides an update on Nvidia's Q1 earnings and the state of the AI trade.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses earnings results for Nasdaq-100 company Nvidia.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq dives into Q3 Earnings results for NDX® and highlights recent developments for index constituents Amazon and Google.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq dives into Q3 Earnings results for NDX® and highlights recent developments for index constituents Microsoft, Apple, and Meta.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, David Tsoi, CFA, Head of Nasdaq Index Research, APAC focuses on the impact of tariffs on the index.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq explains how tariffs have impacted Nasdaq-100 performance in 2025.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq explores the impacts of tariffs on key index constituents.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Mark Marex, Head of Americas Index Research at Nasdaq, provides insights the Nasdaq-100 and the state of the AI trade.

In this episode, Mark Marex, CFA, Head of Americas Index Research at Nasdaq explores the key differences between the Nasdaq-100 today and during the Dot Com Bubble.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, highlights Thomson Reuters, the newest constituent of the index.

The Nasdaq-100 in 100 video series provides insights into the Nasdaq-100 Index® and its constituents, all in approximately 100 seconds. In this episode, Salvatore Bruno, Investment Strategist for Nasdaq Index Research, discusses tariffs and whether Nasdaq-100 companies or consumers are bearing the cost of higher prices.

Corporate earnings were strong as 83 companies representing nearly 90% of NDX weight beat their 1Q 2025 EPS estimates during the most recent quarterly earnings season.

The first few weeks of the second quarter were a very volatile period for US equity markets. NDX® dropped 12.7% in the week following President Trump's tariff announcement on April 2nd leaving it 22.9% below its prior all-time high on February 19, 2025.

Earnings reports from US tech giants indicate their outlooks remain robust despite shifting trade policies, suggesting sustained demand for cloud computing services, software and digital advertising. 

the strength of U.S. corporate earnings driven by AI innovation is prevailing. Among the Nasdaq-100^® companies that have reported Q2 earnings, 86% exceeded analysts’ earnings estimates. Leading U.S. tech giants, including Microsoft, Amazon, Alphabet and Meta, reaffirmed their commitment to AI by expanding their capital expenditure (capex) plans.

The Nasdaq-100® represents innovation and growth via many of the world’s most dynamic companies; trailblazers instrumental in shaping our future

Throughout 2025, several of the Nasdaq-100's largest constituents have been raising their guidance around Al-driven revenues, earnings, and spending-including R&D and capital expenditures-as adoption continues to broaden, use cases multiply, and model performance accelerates.

Throughout 2025, several of the Nasdaq-100’s largest constituents have been raising their guidance around AI-driven revenues, earnings, and spending – including R&D and capital expenditures – as adoption continues to broaden, use cases multiply, and model performance accelerates.

The Nasdaq‐100 Index® (NDX®) includes the 100 largest domestic and international non‐financial companies listed on The Nasdaq Stock Market® based on market capitalization.

The Nasdaq-100 Index® (NDX®) includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

The Nasdaq-100 Index® (NDX®) includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market® based on market capitalization.

The Nasdaq-100 Index® (NDX®) includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

The Nasdaq-100 Index® (NDX®) includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.

In its May meeting, the Federal Reserve held rates steady in the 4.25%-4.50% range. It indicated that trade policy has increased the risk of higher inflation and unemployment and that it expects the economy to grow at a modest pace with inflation slightly above their 2% target.

The Nasdaq‐100 Index® (NDX®) includes 100 of the largest domestic and international non‐financial companies
listed on The Nasdaq Stock Market® based on market capitalization.

In its May meeting, the Federal Reserve held rates steady in the 4.25%-4.50% range. It indicated that trade policy has increased the risk of higher inflation and unemployment and that it expects the economy to grow at a modest pace with inflation slightly above their 2% target.

the Federal Reserve held rates steady in the 4.25%-4.50% range. It indicated that trade policy has increased the risk of higher inflation and unemployment and that it expects the economy to grow at a modest pace with inflation slightly above their 2% target. NDX was up last week by 2.03%, up 9.19% from April 29th, and up 1.56% YTD through May 29th.

The Nasdaq‐100 Index® (NDX®) includes the 100 largest domestic and international non‐financial companies
listed on The Nasdaq Stock Market® based on market capitalization.

Among Nasdaq-100 firms that have reported Q3 results, 81% topped analysts’ earnings estimates by index weight. Recent tech earnings underscore AI’s structural growth, as leading players signaled a sharp rise in capital expenditures (capex) amid broad-based demand for AI and its infrastructure.

Economic data have recently become notably weaker, with inflation creeping up across goods while remaining subdued among services.

This week, Nasdaq Dorsey Wright's Ian Saunders, Equity Analysis Manager and Miles Clark, Equity Analyst, discuss NVDA earnings, further participation declines and what a 5% pullback for the Nasdaq-100 could mean as we close out 2025.

Market action during the last full trading week of June brought about new all-time highs for the Nasdaq-100 Index® (NDX®), marking 126 calendar days between all-time highs.

Global end-user spending on information security is forecast to hit US$213 billion in 2025, up 10% from 2024.¹ Elevated defense budgets, escalating threats, tighter regulations, and the growing use of AI by both enterprises and attackers will sustain robust cybersecurity investment over the medium to long term.

Artificial intelligence (AI) continues to be the most transformative technology of our era, with semiconductor companies leading the charge and powering groundbreaking advancements.

Matt Kaufman from Calamos Investments joins Nasdaq's Jillian DelSignore to discuss the Calamos Nasdaq Equity & Income ETF, ticker: CANQ.

Nate Miller from Amplify ETFs joins Nasdaq's Jillian DelSignore to discuss the Amplify Cybersecurity ETF (HACK).

Nate Miller from Amplify ETFs joins Nasdaq's Jillian DelSignore to discuss the Amplify Digital Payments ETF (IPAY).

Simeon Hyman from ProShares joins Nasdaq's Andres Ramos to discuss ProShares Nasdaq-100 High Income ETF (IQQQ).

Rene Reyna from Invesco joins Nasdaq's Jillian DelSignore to discuss the Invesco KBW Bank ETF (KBWB).

Steve Rogers, CEO of Shelton Capital, joins Nasdaq's Jillian DelSignore to discuss the Shelton Capital Management Nasdaq-100 Index Fund (NASDX).

Andrew Nelson from Innovator ETFs joins Nasdaq's Jillian DelSignore to discuss the Innovator Nasdaq-100 Managed Floor ETF (QFLR).

Rene Reyna from Invesco joins Nasdaq's Jillian DelSignore to discuss the Invesco QQQ Income Advantage ETF (QQA).

Ryan Issakainen from First Trust Portfolios joins Nasdaq's Jillian DelSignore to discuss the FT Vest Rising Dividend Achievers Target Income ETF (RDVI).

Ryan Issakainen from First Trust Portfolios joins Nasdaq's Jillian DelSignore to discuss the First Trust SMID Cap Rising Dividend Achievers ETF (SDVY).

Nate Miller from Amplify ETFs joins Nasdaq's Jillian DelSignore to discuss the Amplify Junior Silver Miners ETF (SILJ).

Rene Reyna from Invesco joins Nasdaq's Jillian DelSignore to discuss the Invesco PHLX Semiconductor ETF (SOXQ).

Samir Kerbage, Chief Investment Officer of Hashdex joins Nasdaq's Lindsay Nelson to discuss the Hashdex Nasdaq Crypto Index US ETF (NCIQ).

Many ETFs make dividend distributions, which are typically considered taxable events in taxable brokerage accounts. Even if an investor chooses to reinvest their dividends, the investor still owes taxes today. This can cause a ‘drag’ on long-term total returns. In today’s post, we explore how taxes on reinvested distributions can impact the overall investor experience.

In today's rapidly evolving digital landscape, identity is no longer confined to humans alone. The focus has expanded beyond just managing people to include the oversight of numerous machines.

ETFs have gained traction over the past 20+ years and are generally accepted as being more tax-efficient than their mutual fund counterparts.

Dividend distributions that occur within a taxable account are considered taxable events. Even if an investor receives dividends and chooses to reinvest, the investor still owes taxes today. 

In today’s rapidly evolving digital landscape, cybercriminals are constantly refining their tactics to exploit both human and technological vulnerabilities.

In today's digital landscape, the sophistication of cyber attackers is rapidly increasing, due in part to powerful tools like AI. However, it's not just their technical skills that are evolving.

The Nasdaq-100® and S&P 500 feature as two of the most prominent equity indexes in the United States. With its considerable emphasis on innovative sectors like Technology, Consumer Discretionary, and Health Care, the Nasdaq-100 has consistently outperformed the S&P 500 over the past 17 years

In the last decade, digital transformation has redefined how we live, work, and interact. Technologies like cloud computing, IoT, AI, and 5G have driven unprecedented innovation, but they have also created new vulnerabilities.