XYLD News and Press, GLOBAL X FDS From 02/18/23

Summary It’s clear that there is little reason for sell-side analysts to stick their neck and raise estimates, in this environment. The S&P 500’s YTD return as of Thursday night’s, February 16, 2023, close was +6.76%. It looks like 2023 could see flat revenu...

Summary The Simplify Volatility Premium ETF generates high distribution yields by shorting VIX Futures. It provides -0.2 to -0.3x VIX exposure while hedging tail events with UVXY calls. SVOL's historical performance is better than call-selling strategies like XYLD and JEPI. ...

Summary One hypothesis we're currently evaluating behind the scenes is that the multiplier may have shifted to zero at the beginning of the year. Unlike changes in dividend expectations that are easy to identify, the factors that cause the dividend futures-based model's basic multiplier...

Summary Economic news has caused market participants to be looking the wrong way over these last 5 months. While news reports can act as a catalyst for market moves, the substance of the news is often unimportant in determining a directional bias. As long as highlighted support hold...

Summary The 5-year Treasury yield jumped 27 bps last week, from 3.66% the prior week to close, to 3.93% at this Friday’s close. This is after falling 30 bps in the first week of January ’23. The “estimated” S&P 500 earnings growth for 2023 (as a whole) ha...

Summary Instead of bullish investors sticking with their mantra of 'Don’t Fight The Fed,' it is now a standoff between bullish investors and the Fed. While bullish investors cling to historical statistics about market returns, the problem is the Fed remains clear that it will not...

Summary The XYLD ETF uses Covered Calls on the S&P 500 to generate monthly income and offers some downside protection to investors. Its trailing yield is 12.96%, and it pays a variable distribution. We compare XYLD's performance, yield, and valuation to other S&P-based cover...

Summary From its all-time high of 4,973, the S&P 500 has now fallen 23% (as at January 1st), so the US large-cap index is still in a bear market. Over the last 100 years, the S&P 500’s CAPE has almost never gone outside the range of half to double its long-term average. ...

Summary There seems to be a lot of interest in Seeking Alpha for the ticker symbol JEPI. There were 5 JEPI articles written in January 2023 and dozens in 2022. In this article, I will attempt to break JPMorgan Equity Premium Income ETF down into bite-sized pieces. ...

Summary Covered call funds are popular investments in retirement circles. Some investors attempt to time their investment in a covered call fund, to increase their income and capital gains. Timing a covered call fund is difficult, and not terribly effective. An explanation as to...