FintekNews-KFTX Fintech Index Daily Analysis-8/22/16

By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group

Monday 8/22/16 Analysis – NASDAQ Fintech Index (KFTX)

NASDAQ’s new fintech index (KFTX) finished the day at 1032.90 UP +1.90, or 0.19%. As might be expected in the last week of August the volatility is quite diminished and only 2 stocks moved more than 3% intraday (BOFI & LC) with BOFI actually closing up 3.29%.

With the last full week of August now under way thinks should be very quiet until perhaps Friday when Janet Yellen speaks at the Fed vacation (LOL) conference in Jackson Hole.