Hiroshi Watanabe/DigitalVision via Getty Images The Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund ( ETO ) is a closed-end fund that aims to provide its shareholders with a high level of total return. However, the fund might also be attractive to income-seeking investors as it boasts an attractive 7.63% yield at the current share price. This yield is substantially higher than that o...
Hiroshi Watanabe/DigitalVision via Getty Images The Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund ( ETO ) is a closed-end fund that aims to provide its shareholders with a high level of total return. However, the fund might also be attractive to income-seeking investors as it boasts an attractive 7.63% yield at the current share price. This yield is substantially higher than that of nearly any equity index and even most fixed-income indices, so it might work reasonably well for anyone who is trying to use their investment portfolio as a source of income. In addition to this, the fund’s portfolio is much more heavily weighted towards equities than fixed-income, so the fund should be able to protect its shareholders against any decline in purchasing power that accompanies inflation. As regular readers are likely aware, I am quite concerned that inflation going forward will be much higher than what most of us have become accustomed to in our daily lives, so inflation protection tends to be something that I usually seek out when purchasing assets. However, we should note that this fund is rather heavily weighted towards the technology sector just like most other Eaton Vance closed-end funds. Investors who already have a lot of technology exposure should keep that in mind before deciding to initiate or add to a position in this fund. About The Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund The website for the Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund states that: The Fund invests primarily in global dividend-paying common and preferred stocks and seeks to distribute a high level of dividend income that qualifies for favorable federal income tax treatment. This description explicitly states that ETO invests in common equities and preferred equities. However, the fund actually has a sizable allocation to corporate bonds. The most recent portfolio holdings report is dated January 31, 2026. This document states that the fund...
9.55am: Rocket open Wall Street stocks have opened firmly higher, led by the Nasdaq, gaining 2.9% and the small cap Russell 2000, with a 3.45% jump. The blue chip Dow Jones started up 2.8%, while the S&P 500 rose 2.3%. Gains on the Nasdaq 100 were driven by semiconductor and tech...
9.55am: Rocket open Wall Street stocks have opened firmly higher, led by the Nasdaq, gaining 2.9% and the small cap Russell 2000, with a 3.45% jump. The blue chip Dow Jones started up 2.8%, while the S&P 500 rose 2.3%. Gains on the Nasdaq 100 were driven by semiconductor and tech...
pcruciatti/iStock Editorial via Getty Images V-Sports are becoming more popular in the U.S. In simple terms, V-Sports are computer-simulated sporting events that use advanced graphics and random number generation to replicate real sports competitions. The betting product allows players to place bets on simulated games that run continuously, often featuring realistic commentary, visual effects, and...
pcruciatti/iStock Editorial via Getty Images V-Sports are becoming more popular in the U.S. In simple terms, V-Sports are computer-simulated sporting events that use advanced graphics and random number generation to replicate real sports competitions. The betting product allows players to place bets on simulated games that run continuously, often featuring realistic commentary, visual effects, and statistics. Notably, V-Sports provides betting opportunities 24/7 to help bridge downtime between live events and offer sportsbooks consistent engagement and revenue throughout the year. The betting products allow bookmakers to build in a set margin, so the total implied probabilities usually add up to more than 100%. Notably, the controllable nature of the margins helps prevent sportsbooks from taking losses like in the real world when their books are unbalanced, like in 2 of the last 3 Super Bowls. Market research estimates the virtual sports betting market at $17.6B in 2026 and projects it to grow to $57B by 2033. Looking to take advantage of the trend, Inspired Entertainment ( INSE ) announced that BetMGM ( MGM ) ( GMVHF ) and Borgata Online have launched its Virtual Sports (V-Sports) titles (V-Play Soccer, V-Play Basketball, and the NFL-themed V-Play Football) on their New Jersey sports betting platforms. The collaboration expands upon existing partnerships in Ontario, where the content has shown strong player engagement and sustained revenue growth. Inspired's (INSER) virtual sports combine broadcast-quality visuals with frequent betting opportunities, offering sportsbooks a steady flow of interactive content between live sporting events. The NFL-themed V-Play Football represents the first officially licensed NFL Virtual Sports experience, giving fans new ways to engage with professional football. Inspired CEO Brooks Pierce highlighted that sportsbooks integrating virtual sports within their main betting platforms, rather than online casinos, tend to achieve superior...
Delta Air Lines is preparing for a significant $2 billion impact on fuel costs due to the ongoing conflict involving Iran, which has led the airline to maintain a cautious stance and stick to its previous full-year financial outlook. Bloomberg's Siddharth Philip has more on "Bloomberg Open Interest." (Source: Bloomberg)
Delta Air Lines is preparing for a significant $2 billion impact on fuel costs due to the ongoing conflict involving Iran, which has led the airline to maintain a cautious stance and stick to its previous full-year financial outlook. Bloomberg's Siddharth Philip has more on "Bloomberg Open Interest." (Source: Bloomberg)
FactoryTh/iStock via Getty Images Copper prices rose to a three-week high Wednesday after a ceasefire between the U.S. and Iran improved risk appetite, easing concerns over supply disruptions and their impact on the global economy. Three-month copper futures ( HG1:COM ) on the London Metal Exchange jumped as much as 3.5% to $12,741/ton, while aluminum ( LMAHDS03:COM ), the base metal most directly...
FactoryTh/iStock via Getty Images Copper prices rose to a three-week high Wednesday after a ceasefire between the U.S. and Iran improved risk appetite, easing concerns over supply disruptions and their impact on the global economy. Three-month copper futures ( HG1:COM ) on the London Metal Exchange jumped as much as 3.5% to $12,741/ton, while aluminum ( LMAHDS03:COM ), the base metal most directly affected by supply concerns during the Middle East war, traded in a tight range at ~$3,460/ton. Among potentially relevant stocks: Freeport-McMoRan ( FCX ) up 6.5%, Southern Copper ( SCCO ) up 8.7%, Ero Copper ( ERO ) up 9.4%, Taseko Mines ( TGB ) up 10.4%, Teck Resources ( TECK ) up 8.1%, Hudbay Minerals ( HBM ) up 11%, BHP ( BHP ) up 5.5%, Rio Tinto ( RIO ) up 4.7%, Vale ( VALE ) up 3.3%. Among aluminum producers, Alcoa ( AA ) down 4.1% and Century Aluminum ( CENX ) down 4.4%, but Kaiser Aluminum ( KALU ) up 4.1% and Constellium ( CSTM ) up 4%. " Relief around shipping routes has been particularly supportive for sentiment," ING analysts said. "Looking ahead, metals prices will be shaped by whether the ceasefire evolves into a more durable agreement, alongside U.S. monetary policy expectations, with Federal Reserve communication, inflation data and real-yield dynamics as key near‑term drivers." However, given the temporary nature of the ceasefire, metals markets will struggle to return to the liquidity-driven rally seen at the start of the year, Shuohe Asset Management analyst Gao Yin told Bloomberg. ETFs: ( CPER ), ( COPX ) More on Freeport-McMoRan and copper Commodities: Oil Falls Below $100 On Optimism Over Iran War Is The War Really Reaching Its End? Assets Bounce Despite Oil Rally - Market Check Freeport-McMoRan: The Drawdown Is A Gift
Nadzeya Haroshka/iStock via Getty Images An International Monetary Fund analysis on Wednesday cautioned that rising military budgets could create economic challenges in the years ahead, even as they provide a short-term boost. The report finds that increased defense outlays tend to support growth initially by lifting demand, investment and activity. Over time, however, these gains are often offset...
Nadzeya Haroshka/iStock via Getty Images An International Monetary Fund analysis on Wednesday cautioned that rising military budgets could create economic challenges in the years ahead, even as they provide a short-term boost. The report finds that increased defense outlays tend to support growth initially by lifting demand, investment and activity. Over time, however, these gains are often offset by higher government borrowing, rising debt levels and weaker fiscal positions. Deficits worsen by about 2.6 percentage points of GDP, and public debt increases by about 7 percentage points within three years of the start of a boom (14 percentage points in wartime). (IMF) IMF economists note that escalating geopolitical tensions and a growing number of conflicts have prompted many countries to reassess security priorities and expand military spending. Nations across Europe, including Germany and France, have stepped up defense budgets in response to the war in Ukraine and pressure from the United States to shoulder more of their own security burden. Using data spanning more than 160 countries since 1946, the IMF identified over 200 periods of sustained defense spending increases. These cycles typically last more than two years, with roughly two-thirds of the additional spending financed through deficits. The fiscal impact is more pronounced during wartime. In such periods, public debt tends to rise sharply while spending on social programs can decline in real terms, highlighting the trade-offs policymakers face when allocating resources. The IMF defines a defense spending surge as a sustained rise in military outlays of at least 1% of gross domestic product based on a two-year average. The findings come at a time of heightened uncertainty in global markets, with ongoing geopolitical tensions and conflicts raising concerns about economic growth and fiscal sustainability. More on Select STOXX Europe Aerospace & Defense ETF, iShares U.S. Aerospace & Defense ETF, etc. Macro In...
Estimated 2,000 ships, including oil and gas tankers and cruise liners, remain trapped in the Persian Gulf since start of war There will be no “mass exodus” of ships through the strait of Hormuz, shipping analysts say, despite a two-week conditional ceasefire being agreed between the US and Iran with provision for the temporary reopening of the crucial maritime channel. The ceasefire agreement “do...
Estimated 2,000 ships, including oil and gas tankers and cruise liners, remain trapped in the Persian Gulf since start of war There will be no “mass exodus” of ships through the strait of Hormuz, shipping analysts say, despite a two-week conditional ceasefire being agreed between the US and Iran with provision for the temporary reopening of the crucial maritime channel. The ceasefire agreement “doesn’t change the situation in the sense that Iran is still in control”, said Richard Meade, the editor-in-chief at the maritime data provider Lloyd’s List Intelligence. “It still requires ships to essentially seek permission, and that’s the key. That means that nothing has changed – no permission, no transit.” Continue reading...
Chilean authorities dismantled a criminal network dedicated to large-scale copper theft, following a multi-agency investigation known as “Operation High Voltage.” The network moved an estimated 817 billion pesos ($917 million) of copper between 2020 and 2025, while fraudulently obtaining more than 58 billion pesos in export-related VAT refunds, according to a police statement. Public Security Unde...
Chilean authorities dismantled a criminal network dedicated to large-scale copper theft, following a multi-agency investigation known as “Operation High Voltage.” The network moved an estimated 817 billion pesos ($917 million) of copper between 2020 and 2025, while fraudulently obtaining more than 58 billion pesos in export-related VAT refunds, according to a police statement. Public Security Undersecretary Andres Jouannet , along with senior police, tax and customs offcials will provide further details at an event in Santiago Wednesday. Read More: Chile Police Seize Copper in International Smuggling Crackdown The crime network shows both the profitability and sophistication of copper theft in a country that is the world’s largest producer of the metal. The group operated across several regions — allegedly stealing copper and trucking it to the northern port city of Iquique. From there, it was shipped in containers to China. Police carried out coordinated raids on 49 properties across seven regions, leading to the arrest of 25 people, among them the alleged leaders of the organization and key operational members. Authorities also seized 187 metric tons of copper, worth about $2.2 million at current prices, 40 vehicles and 11 firearms.
Crystal Adam, President of R&D at Tango Therapeutics (NASDAQ:TNGX) , reported the exercise of 27,000 stock options -- with the underlying common shares immediately sold for approximately $572,000 -- according to an SEC Form 4 filing on April 2, 2026. Transaction value based on SEC Form 4 weighted average sale price ($21.20); post-transaction value based on April 7, 2026, market close ($19.80). * 1...
Crystal Adam, President of R&D at Tango Therapeutics (NASDAQ:TNGX) , reported the exercise of 27,000 stock options -- with the underlying common shares immediately sold for approximately $572,000 -- according to an SEC Form 4 filing on April 2, 2026. Transaction value based on SEC Form 4 weighted average sale price ($21.20); post-transaction value based on April 7, 2026, market close ($19.80). * 1-year performance calculated using April 7, 2026, as the reference date. Continue reading
anna-esposito/iStock via Getty Images Thesis We believe we are at the equity bubble and at the start of a bear market. In this article, we take a broad view from the anthropological explanation of how market bubbles are formed to the slate of signs we have observed that, in our view, prove we are at the start of a bear market, especially when they are put all together. Similar to the main image of...
anna-esposito/iStock via Getty Images Thesis We believe we are at the equity bubble and at the start of a bear market. In this article, we take a broad view from the anthropological explanation of how market bubbles are formed to the slate of signs we have observed that, in our view, prove we are at the start of a bear market, especially when they are put all together. Similar to the main image of this article, no single part creates a bear, but when put together, they create a bear and then reinforce each other. The article is long, but we feel that it has to be to fully capture the details. This article is about equities, but it has connections to our articles on Treasuries and corporate debt as a multiple-dimension view of the same picture. We urge you to read them fully and carefully because we hope our call can save your portfolio. Anthropological explanation of the market bubble Exuberant expectations - a term that occasionally pops into the minds of long-term financial professionals when the market is on a bull run. It is kind of a psychological warning light that keeps us fighting the crowd and was relevant to our ancestors' survival. So once a signal appears like a strange sound from the bush (or high P/E ratio), we tend to cry wolf (or a bear for that matter). And for the most part, we are wrong. The more time it passes, the more likely people will adjust to a new reality, and the process of cognitive dissonance will start to kick in. We see the warning signs, but start to ignore them to keep up with the group. And, it works. For a while. And the longer it works, our brain adapts to a new benchmark, so it stops acting on clear, multiple signs of a bear. Even when you finally see one, you may start to rationalize that it is just a dog or a really timid bear. In this article, we are going to list the obvious signs of a bear that most investors have learned to ignore through experience. Behavior needed for market bubbles to emerge, in our view. What we also f...
As Artemis II returns from the dark side of the moon, Nasa’s transformations of electromagnetic energy into sound remind us that everything is vibrating – even while the astronauts are listening to Chappell Roan Jaw-dropping dark-siding exploration aside, it’s the mundane details of the Artemis II mission that connect us with the four astronauts slingshotting their way around the moon and back. Th...
As Artemis II returns from the dark side of the moon, Nasa’s transformations of electromagnetic energy into sound remind us that everything is vibrating – even while the astronauts are listening to Chappell Roan Jaw-dropping dark-siding exploration aside, it’s the mundane details of the Artemis II mission that connect us with the four astronauts slingshotting their way around the moon and back. The zero-gravity hair, the playing with the microphone when they’re on a call with the President, and the wake-up music that Nasa pipes into their module every orbital morning: a cookie-cutter selection of feelgood choons from Chappell Roan to CeeLo Green. There are no reports, so far, of Artemis hearing anything like the strange whistling and “outer-space type things” that the dark-siders of the Apollo 10 mission in 1969 documented during the hour that they were out of communication with Earth . Those three men heard an unsettling and unforeseen sound around the other side of the moon that resisted explanation – and inspired conspiracy theories, since the transcript wasn’t made public until 1973. The sound is now known to have been the call-sign of our nearest alien neighbours, the Vum-Jums of planet A4863F. Continue reading...
A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40,000 last year if Congress attempts to pass a second tax bill before the midterm elections. Representative Nick LaLota , a Republican from Long Island, is trying to extend that threshold past five years, when the cap is expected to revert back to $10,000....
A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40,000 last year if Congress attempts to pass a second tax bill before the midterm elections. Representative Nick LaLota , a Republican from Long Island, is trying to extend that threshold past five years, when the cap is expected to revert back to $10,000. He said he wants to make changes to secure more benefits related to the SALT deduction if the GOP’s spending bill involves modifications to the tax code. “I will always fight for my constituents and America and will fight for more SALT” if the tax code is materially revisited, LaLota said. The SALT deduction was a key point of negotiation during the crafting of a must-pass tax bill last year because several House Republicans representing districts in high-tax states like New York, New Jersey and California pushed for raising the cap. The break is especially lucrative in those areas due to high incomes, property values and local taxes. Later this month, Republican leaders in Congress plan to begin work on a partisan fast-track spending bill that can bypass a Senate Democratic filibuster by adhering to special procedures. Senate Majority Leader John Thune said he wants to keep the bill narrowly focused on providing multiple years of funding for immigration enforcement and border security, but lawmakers are hankering to add their priorities to the mix. House Ways and Means Chairman Jason Smith has said that tax provisions could be included. Last year, LaLota was joined by New Yorkers Andrew Garbarino and Mike Lawler , New Jersey Representative Tom Kean and California’s Young Kim , who threatened to upset the slim Republican margin if the SALT cap wasn’t raised. Garbarino, who chairs the SALT caucus, said in a statement that he was “proud” of the progress made on tax relief though he’s now focused on addressing other priorities for his constituents. Lawler, Kim and Kean did no...
photobyphm/iStock Editorial via Getty Images Note : We use option activity to determine “when” to buy or sell—not “what” to buy or sell. The “what” decision is best made through fundamental analysis. Once an investor has decided "what" to buy or sell, I would never act without first reviewing what option activity was saying about its immediate price direction . Microsoft's Headed Higher For The Ne...
photobyphm/iStock Editorial via Getty Images Note : We use option activity to determine “when” to buy or sell—not “what” to buy or sell. The “what” decision is best made through fundamental analysis. Once an investor has decided "what" to buy or sell, I would never act without first reviewing what option activity was saying about its immediate price direction . Microsoft's Headed Higher For The Next Few Months Current option activity in Microsoft Corporation ( MSFT ) strongly suggests higher prices over the intermediate-term. The intermediate term is from two to five months. If you're bullish on Microsoft for the long-term, now is a good time to add to positions. If you're bearish, you'll probably get a higher selling price if you wait a few months. Let me show you the evidence. While this data is one week old (subscribers get the current data on 100 stocks), the article's conclusion for a strong intermediate-term buy signal in MSFT still stands. The “Puts To Calls” Ratio Marty Zweig introduced the put-to-call ratio more than fifty years ago. He compared purchases of “put” and “call” option contracts to gauge whether investors were bullish or bearish on the market. He observed that when “too many” investors bought calls, prices typically declined. When “too many” bought puts, prices generally increased. This activity functioned as a contrary sentiment indicator. While Zweig focused on contracts, we analyze capital flows, which we believe provides greater insight. We call our ratio the Directional Premium Puts to Calls Ratio. Directional “Puts To Calls” Ratio Of MSFT The graph below measures the puts-to-calls ratio of dollars flowing into directional puts versus directional calls in MSFT. We average the numbers over 20 days to smooth the ratio into a more meaningful intermediate-term indicator. The Red Zone - Green Zone ranking shows extremes by comparing ratios against their historic norms. It's a buy signal when you get extreme bearish expectations (Green Zone) and...
onurdongel Wars leave long economic scars, while rising military spending is forcing governments into increasingly difficult budget choices, the International Monetary Fund said on Wednesday. In a blog analysis , the IMF said conflicts cumulatively reduce economic output by about 7% within five years of their onset, with losses often lasting well beyond the end of fighting. The damage reflects des...
onurdongel Wars leave long economic scars, while rising military spending is forcing governments into increasingly difficult budget choices, the International Monetary Fund said on Wednesday. In a blog analysis , the IMF said conflicts cumulatively reduce economic output by about 7% within five years of their onset, with losses often lasting well beyond the end of fighting. The damage reflects destroyed infrastructure, disrupted trade and investment, and declines in productivity. The economic toll extends beyond directly affected countries. Conflict can spill across borders through trade, migration, and financial channels, weighing on regional and global growth. The IMF also warned that rising military expenditure is adding to macroeconomic pressures at a time when many countries already face constrained fiscal space. Increased defense spending, particularly when financed through borrowing, can widen fiscal deficits and push up public debt. While such spending may provide some short-term support to economic activity, it often comes at the expense of other priorities. Governments may be forced to cut or limit spending on health, education, and infrastructure, potentially undermining long-term growth. The Fund said policymakers face “difficult macroeconomic trade-offs” as they balance security needs with economic stability. It added that rebuilding after conflict requires sustained reforms, strong institutions, and international support to restore confidence and put economies back on a durable growth path. Defense spending around the world was already on the rise, totaling $2.63T in 2025, and the ongoing war on Iran is expected to push that number even higher. Notable defense stocks: Lockheed Martin ( LMT ), RTX ( RTX ), Northrop Grumman ( NOC ), Boeing ( BA ), Honeywell ( HON ), General Dynamics ( GD ), GE Aerospace ( GE ), L3Harris Technologies ( LHX ), TransDigm ( TDG ), and Huntington Ingalls ( HII ). Dear Readers: We recognize that politics often intersect with t...