2.80Open2.80Pre Close0 Volume1 Open Interest539.00Strike Price0.00Turnover22.98%IV-0.49%PremiumAug 9, 2024Expiry Date5.43Intrinsic Value100Multiplier1DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.7705Delta0.0428Gamma84.69Leverage Ratio-0.8264Theta-0.0121Rho-65.25Eff Leverage0.0943Vega
iShares Core S&P 500 ETF Stock Discussion
“Given kind of all of that and more — there’s the known and then the unknown — I think investors should be positioning their portfolio, maybe not defensively, but prepared...
Economists surveyed by Dow Jones are expecting a reading of 240,000 initial jobless claims. That would be a decrease from the 249,000 claims in the prior week.
Jobless claims have been trending higher in recent months, and Thursday’s report could spark market moves given last week’s disappointing Jul...
Traders speculate that market panic could lead to financial system failure and a slowdown in lending, ultimately pushing the global economy into recession. The Fed may need to make emergency rate cuts to address the crisis.
$Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $iShares Core S&P 500 ETF (IVV.US)$ $Nasdaq Composite Index (.IXIC.US)$
Dow Jones up 0.76%, S&P 500 up 1.04%, Nasdaq up 1.03%.
Bonds:
US 10-year Treasury yield up 9.97 basis points, at 3.8881%. Two-year Treasury yield up 6.11 basis points, at 3.9812%.
Commodities:
WTI September crude futures up $0.26, or 0.36%, at $73.20 per barrel. Brent October crude futures up $0.17, or 0.22%, at $76.48 per barrel. COMEX December gold futures fell 0.64% to $2,428.7 per ounce. LME aluminum rose over 2%, lead rose over 1.2%, and zinc fell over 1.2%.
$Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $iShares Core S&P 500 ETF (IVV.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Crude Oil Futures(SEP4) (CLmain.US)$ $Cboe/COMEX Gold Volatility Index (.GVX.US)$ $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$
It’s all about the Yen carry trade.
In short:
1. Asset management firms were borrowing Japanese yen for super cheap and investing the borrowed money in money markets or global stocks.
2. Japanese central bank rates have remained low for almost 20 years, and even negative for much of the last 10. So basically you borrow money for free, invest it for a 5%+ profit elsewhere and pocket the difference. Amazing
3. But last ...
The Dow fell 2.6%, the S&P 500 fell 3%, and the Nasdaq fell 3.43%.
Bonds:
The 10-year U.S. Treasury yield fell 2.64 basis points to 3.7640%. The 2-year U.S. Treasury yield fell 0.28 basis points to 3.8770%.
Commodities:
WTI September crude oil futures fell $0.58, or 0.79%, to $72.94 per barrel. Brent October crude oil futures fell $0.51, or 0.66%, to $76.31 per barrel. COMEX gold futures fell 0.72% to $2,452.10 per ounce. COMEX silver futures fell 4.52% to $27.755. ...
The Dow fell 1.51%, the S&P 500 fell 1.84%, and the Nasdaq fell 2.43%.
Bonds:
The 10-year U.S. Treasury yield fell 18.56 basis points to 3.7904%. The 2-year U.S. Treasury yield fell 26.64 basis points to 3.8798%.
Commodities:
WTI September crude oil futures fell $2.79, or 3.66%, to $73.52 per barrel, down 4.72% for the week. Brent October crude oil futures fell $2.71, or 3.41%, to $76.81 per barrel, down 5.32% for the week. Spot gold fell 0.12% to $2,443.24 per ounc...
Dow Jones fell 1.21%, S&P 500 fell 1.37%, Nasdaq fell 2.3%, Russell 2000 fell 3.03%.
Bonds:
The 10-year US Treasury yield fell 4.98 basis points to 3.9798%. The two-year US Treasury yield fell 10.73 basis points.
Commodities:
WTI September crude oil futures fell $1.60, or 2.06%, to $76.31 per barrel. Brent October crude oil futures fell $1.20, or 1.49%, to $79.52 per barrel. COMEX gold futures rose 0.72% to $2490.90 per ounce. COMEX silver futures fell 1.08% to $29.050 ...
The Committee is attentive to the risks to both sides of its dual mandate…does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.
Takeaway: More hawkish than expected - 25bps September cut still on the table.
Hold.
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