"The current administration has signaled that it is very pro-business and wants to make it as easy as possible for these new fintech business models such as prediction markets and crypto to operate."
The VIX closed last week at almost 27, an 11% jump on the final trading day, and early signals this week show it climbing further. The fear gauge now sits at its 93rd percentile over the past year, meaning volatility has been this elevated or higher only 7% of trading days in the last 12 months.
UBS initiated coverage on LPL Financial with a Buy rating and a price target of $380, suggesting a measured but constructive first-impression thesis amid a challenging market environment.
Futures are exploding higher, as President Trump chose not to 'end civilization in Iran' and agreed to a two-week pause on attacks on Iran.
USHY seeks to track the investment results of the ICE BofA US High Yield Constrained Index, composed of U.S. dollar-denominated, high yield corporate bonds, providing broad exposure in a low-cost wrapper.