News
Zero-Day Options Boom Is Spilling Into $7.4 Trillion ETF Market
This year’s hottest options trade has found its way into the $7.4 trillion ETF arena for the first time, in the latest push by the financial industry to tap booming demand for stock investments with an income stream. Defiance ETFs is launching a fund on Thursday that sells ultra short-dated options on the Nasdaq 100 as part of its strategy. The product will be the first in the market to utilize so-called zero-day-to-expiration contracts, or 0DTE, as part of its design.
The Bond Market Has Never Sounded Recession Alarms for This Long
The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades. On Wall Street and in Washington, optimism may be building that the Federal Reserve is poised to steer the economy toward a soft landing. But for 212 straight trading days, no matter what the indicators have said, the Treasury market has delivered what is widely understood as a starkly different message: The economy is veering toward a contraction since 10-year yields have held below 3-month ones.
Why the Fed's Tight Rate Stance Damages the Economy
On August 16, 2023, the Federal Reserve expressed concern about the pace of inflation, saying future rate hikes could be necessary if conditions do not change. Currently, the federal funds target rate is between 5.25 and 5.50 percent, the highest level in more than twenty-two years. Mainstream economists and journalists think about inflation in terms of consumer prices. To counter a general increase in prices, they believe, the central bank should raise interest rates, which supposedly weakens the demand for goods and services and slows the growth rate of the Consumer Price Index.
A third of would-be buyers cannot find affordable US homes, industry surveys show
Too few affordable homes on the market and interest rates at their highest in decades are the top reasons keeping prospective U.S. home buyers from making a purchase, according to a pair of real estate industry surveys released on Thursday. One survey of agents by the National Association of Realtors found 34% of their customers who had yet to make a purchase cited a lack of affordable houses on the market as the No. 1 barrier to home ownership. Another 18% said their clients were waiting for interest rates to drop.
From Joe
Join me at The Stock Pulse Silver Symposium
I'll be speaking at The Stock Pulse Silver Symposium and I'd love to see you there. We'll be at Caesars Palace in Las Vegas from September 29 - October 1. There will be comprehensive sessions, networking opportunities, and top-notch speakers. On top of all that, everyone who attends will receive a one-ounce silver round. I'd love to grab a drink with you, and I hope to see you there.
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