XYLD - XYLD: Low Volatility Limits The Yield

2024-03-05 22:57:19 ET

Summary

• The S&P 500 has rallied in 16 of the past 18 weeks, driven by AI and weight-loss drug optimism, though market breadth has broadened in the past month.
• The CBOE Volatility Index is low, making covered call plays less ideal due to fewer income generation opportunities.
• The XYLD ETF has underperformed the S&P 500 over the past year, but has a solid RSI momentum and defined support and resistance prices.

The S&P 500 has rallied in 16 of the past 18 weeks. We have rarely seen that powerful of a move over the decades in US stock market history, no doubt driven this time by the inspiring trends of AI and the GLP-1 weight-loss drugs....

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