Future of Wealth Head Trader Lance Ippolito joined Midas Letter to discuss the current weakening of US equities heading the second quarter of 2020. US President, Donald Trump has warned of a much longer economic impact and markets have reacted accordingly. Predictions estimate that the number of Corona Virus (COVID-19) cases are yet to hit their peak until at least the end of this month. With current fears in the world and the coinciding economic struggle, Lance is very concerned with the lack of liquidity and volume in markets and options trading. Lance has seen opportunity as the VIX Index (a popular measure of the stock market’s expectation of volatility based on S&P 500 index options) has decreased which made put options (contract where traders believe the underlying stock price will drop below the exercise price of the option) cheaper. Watch the full interview for stock market insights and how the Future of Wealth Head Trader is investing during these uncertain times.
Original article: Stock Market Insights on Historic Q1 2020
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