PUTW

SPY: The Setup Looks Extremely Bearish

SPY has been on a strong run recently, but the outlook is very bearish right now. The S&P 500 is overvalued based on several valuation models. A weakening macroeconomic outlook also poses a severe headwind for SPY. SPY is facing a challenging economic environment and outlook.

Weekly Report: what happened at PUTW last week (0415-0419)?

Iran Attacks Israel - How Could Markets Be Impacted?

Weekly Report: what happened at PUTW last week (0408-0412)?

Sideways, With A Splash Of Uncertainty

The S&P 500 established its last record high on the last Thursday in March, right before the long Easter weekend. The market has bounced around in a mostly directionless manner since then. The Q1 earnings season is officially underway as of Friday. The recent decline in stock prices has taken a relatively short-lived effect.

Q1 2024 Earnings Preview: Will Reports Be Good Enough To Turn Markets Positive

Q1 earnings season kicks off with Q1 2024 S&P 500 EPS growth expected to come in at 3.2%. The second quarter got off to a rocky start as major indices closed lower last week. Buybacks and dividend increases were on the rise in Q1. The Consumer Price Index for March was higher than expected.

Weekly Report: what happened at PUTW last week (0401-0405)?

QQQY: Still A Mammoth Yield Of 57%, But Risks Remain

Defiance NASDAQ 100 Enhanced Options Income ETF (QQQY) writes options against QQQ expiring the same day they are written, aiming for consistent monthly yield distributions. The fund has a 57% yield but has been declining in value as the price falls. The Defiance fund carries significant market risk, but is still a hold for now. It is the Defiance NASdaq 100 Enhanced options income ETF.