Josh Brown's Stock Market Update: CME, ICE, and Interactive Brokers

Exchange Stocks Performance

• 💡 NASDAQ is mentioned as a stock Josh Brown owns, but it needs listings to thrive, unlike CME and Intercontinental ICE.
• 🚀 CME and Intercontinental ICE are highlighted as top S&P 500 performers year-to-date, benefiting from high trading volumes and volatility.
• 📈 These exchange stocks are outperforming the broader market, with CME up 6% and ICE up 4% since the S&P 500 peak on February 19th.

Financial Sector Safe Havens

• ⚠️ If volatility persists through spring and summer, CME and ICE are expected to remain strong investments.
• 🏦 Interactive Brokers is suggested as another stock to consider, having cheapened up significantly and trading above its 200-day moving average.
• 🤝 Josh Brown plans to take a position in Interactive Brokers soon, indicating confidence in its trading activity.

Bank Stocks and Market Dynamics

• 💰 Bank of America is mentioned, with a note about its Merrill Lynch division being comparable to Morgan Stanley and Goldman Sachs.
• 📊 The current market environment is characterized by heavy trading volumes and sustained high volatility, which benefits exchange operators.