In this week’s ETF Wrap, we look at covered-call ETFs, which use an options strategy known as covered-call writing to limit potential upside participation but generate income for investors in volatile markets.
The Tell: Can the stock-market rally survive rising Treasury yields? Here’s what history says.
Ned Davis Research describes three scenarios in which the shape and direction of the curve have produced “complicated” messages for the stock market.
: Plane tickets were cheaper again in July, but that won’t last for long, economists say
Airfares fell in July for the second consecutive month, but rising fuel prices and shifts in consumer behavior will probably cause prices to jump again.
The Ratings Game: Penn is betting big on ESPN for sports betting. One analyst sees ‘sizable execution risks.’
Some analysts weren’t so sure about the initial investor enthusiasm over the deal between Penn and ESPN to launch an online betting service.
: Tapestry’s bond spreads widen on news of mostly debt-funded deal to buy Michael Kors parent
Moody’s placed Tapestry’s investment-grade rating on review for a downgrade after $8.5 billion deal to buy Capri.
: A $35,000 trip to see Taylor Swift? How the artist’s fans boosted the Los Angeles economy by $320 million.
It’s all part of the ‘Swiftonomics’ phenomenon — and one market researcher predicts the ‘Eras Tour’ will have a $5 billion global impact.
The Ratings Game: AppLovin’s stock surges more than 20% after analysts say AI tools are paying off
AppLovin Corp. shares have made it a recent habit of surging after earnings, and Thursday’s move was no exception.
In One Chart: Don’t buy stocks for their dividend yields, this chart suggests
It hasn’t been a good year to be an investor in dividend stocks, especially when you consider that Treasuries currently are yielding above 5% out to one year.
Economic Report: U.S. budget deficit hits $1.6 trillion in first 10 months of fiscal year
The U.S. budget deficit hit $1.6 trillion in the first 10 months of fiscal year 2023, more than double what it was in the year-ago period, the Treasury said.
: Wells Fargo offers $10,000 in down-payment assistance for eligible home buyers in 8 U.S. metro areas
A typical down payment on a home in a U.S. metropolitan area costs $80,250, based on the median price of a single-family home in the second quarter of 2023.
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