Delivers Innovative Access to Treasury, High-Yield and Corporate Credit Markets BlackRock today launched a first-of-its-kind suite of fixed income ETFs that provide access to buy-write investment strategies on baskets of fixed income securities: the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (Cboe: TLTW), iShares High Yield Corporate Bond BuyWrite Strategy ETF (Cboe: HYGW) and the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (Cboe: LQDW). Each ETF packages two potential income sources into one ticker – premiums generated by selling monthly call options on the underlying ETFs (TLT, HYG and LQD) and the yields from each of the underlying ETFs themselves. "The iSha

Delivers Innovative Access to Treasury, High-Yield and Corporate Credit Markets BlackRock today launched a first-of-its-kind suite of fixed income ETFs that provide access to buy-write investment strategies on baskets of fixed income securities: the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (Cboe: TLTW), iShares High Yield Corporate Bond BuyWrite Strategy ETF (Cboe: HYGW) and the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (Cboe: LQDW). Each ETF packages two potential income sources into one ticker – premiums generated by selling monthly call options on the underlying ETFs (TLT, HYG and LQD) and the yields from each of the underlying ETFs themselves. "The iSha

In the second quarter, the U.S. gross domestic product (GDP) saw a robust real growth of 2.8%, accelerating from the previous quarter’s 1.4% growth and surpassing the 2% estimates. Inflation pressures, measured by the Personal Consumption Expenditure (PCE) price index, eased from 3.4% to 2.6%, indicating progress towards the Federal Reserve’s 2% target. Core PCE inflation, excluding food and energy items, also fell from 3.7% to 2.9%, though it slightly missed the expected drop to 2.7%. “The US economy is much stronger than people realize. Those concerned about a growth slowdown should feel reassured by this morning's GDP number,” said Chris Zaccarelli, chief investment officer for Inde

Technology stocks endured their steepest decline since late 2022 on Wednesday, with nearly 75% of Nasdaq 100 constituents slipping into the red. The Nasdaq 100 — tracked by the Invesco QQQ Trust (NASDAQ:QQQ) — dropped 3.6%, marking its fifth decline in six sessions and the sharpest one-day drop since October 2022. The tech-heavy index fell below its 50-day moving average for the first time since early May. It mostly stayed above this key support level since late October 2023, barring a brief two-week period between April and May. See Also: GDP Q2 Preview – 5 ETFs To Monitor Thursday As Economic Data Unfolds Shares of Alphabet Inc (NASDAQ:GOOG), the parent company of Google, plumm

Investors are eagerly awaiting this Thursday’s release of advance estimates for the second quarter’s gross domestic product (GDP) by the Bureau of Economic Analysis at 8:30 a.m. ET. In the first quarter of 2024, the U.S. economy grew at an annualized rate of 1.4%, a significant slowdown compared to the 3.4% growth in the fourth quarter of 2023. This deceleration was accompanied by a temporary spike in inflation, with the GDP price index jumping to 3.1% in the first quarter, raising fears of stagflation. Besides the second quarter GDP data, investors will closely monitor the weekly jobless claims, expected to ease from 243,000 to 238,000, and June’s durable goods orders, projected to ri

Wall Street started the new week on a positive note, with all major indices in the green. A rebound in tech stocks following last week’s dips bolstered overall investor sentiment. Investors focused on the start of the tech earnings season, looking past President Joe Biden‘s withdrawal from the reelection campaign. Semiconductor stocks, which plunged last week due to threats of increased curbs on China, rallied on Monday. The VanEck Semiconductor ETF (NYSE:SMH) and the iShares Semiconductor ETF (NYSE:SOXX) both rose by 2.5%. The tech-heavy Nasdaq 100 index surged 1% by 12:40 p.m. in New York, poised to snap a three-day losing streak. The S&P 500 edged up 0.7%, while blue-chip stocks in

Bank of America’s chief market strategist, Michael Hartnett, is increasingly bullish on bonds for the rest of the year, viewing Treasuries as a safeguard against equity volatility and the non-negligible risk of a harder landing for the U.S. economy. In his “The Flow Show” note published Friday, Hartnett emphasized that Treasury bonds remained resilient despite the Atlanta Fed’s GDPNow forecast projecting second-quarter U.S. GDP at 2.7% and the rising odds of a Republican “sweep” in the November presidential elections. Hartnett predicts that Sept. 18 and Nov. 5 will be “buy the rumor, sell the fact” dates, and continues to advise investors to sell stocks after the first Fed rate cut.

Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af

Wall Street continues to experience a series of memorable days, with the bulls riding the rally with increasing confidence, certain that the Federal Reserve will begin cutting interest rates in September. Fed futures currently indicate a 100% probability that policymakers will cut interest rates in two months, according to the CME Group‘s FedWatch tool. This time, blue-chip stocks and gold are stealing the spotlight by breaking their all-time highs, while small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), have posted their fifth consecutive day in the green, marking their best five-day rally in over four years. The Dow Jones Industrial Average surged to 40,800 points

Federal Reserve Chairman Jerome Powell said Monday the last three inflation reports have bolstered the Fed’s confidence that inflation is moving toward the 2% target, which is the key condition for policymakers to initiate interest rate cuts. “We’re back to a place where inflation is no longer overheated,” Powell said during an interview with David Rubenstein at the Economic Club of Washington. Q2 Inflation Data Encourages Fed Chair While the first quarter showed no progress toward the 2% inflation goal, the second quarter provided more favorable data, Powell said: “We’ve had now three better readings. And if you average them, it’s a pretty good pace.” He reiterated the Fed’s du

To gain an edge, this is what you need to know today. Major Macro Arora Call Please click here for an enlarged chart of 20+ year iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). Note the following: The chart shows that long bonds fell on Trump’s win in the Supreme Court immunity decision. The chart shows that long bonds ran up after falling on the Trump immunity decision. The reason for the run up has been two fold. Weak economic data.  For details, click here to see prior articles. Wall Street almost unanimously calling for investors to extend fixed income duration, leading to investors rushing to buy longer term bonds. The chart shows that long bonds are dropping after

Stocks gave varied reactions on Friday morning to the June Producer Price Index from the U.S. Bureau of Labor Statistics rising 0.2% on a monthly basis. June PPI Report: Key Highlights In June, the headline PPI for final demand rose by 0.2% month-over-month, rebounding sharply from the upwardly revised flat reading in May and surpassing economists' expectations – as tracked by TradingEconomics – of a 0.1% increase. The June rise in the index for final demand is attributed to a 0.6% monthly increase in prices for final demand services, while the index for final demand goods decreased by 0.5%. The 2.6% annual surge in the headline number represented a 0.2 percentage point increase