Stock Market Continues Slide To End Brutal Week Amid Housing Crisis Woes: The Bull, Bear Case
Portfolio Pulse from Melanie Schaffer
The SPDR S&P 500 (NYSE:SPY) was trading lower amid concerns of a global housing crisis and fears of the Federal Reserve continuing to hike interest rates. The ETF has declined almost 2% since Wednesday and over 5% since July 27. If the SPY continues its downtrend, volatility may increase. Traders can trade the potential volatility with options like the ConvexityShares Daily 1x SPIKES Futures ETF (NYSE:SPKX) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).
August 18, 2023 | 5:01 pm
News sentiment analysis
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NEGATIVE IMPACT
SPY is trading lower due to global housing crisis concerns and potential Fed rate hikes. If the downtrend continues, volatility may increase.
The SPY is directly impacted by the global housing crisis and potential Fed rate hikes. The ETF has been on a downtrend and if this continues, volatility may increase, potentially affecting the ETF's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPKX is a potential option for traders to trade the potential volatility if SPY continues its downtrend.
SPKX is mentioned as a potential option for traders to trade the potential volatility if SPY continues its downtrend. However, the direct impact on SPKX is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
UVXY is a potential option for traders to trade the potential volatility if SPY continues its downtrend.
UVXY is mentioned as a potential option for traders to trade the potential volatility if SPY continues its downtrend. However, the direct impact on UVXY is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60