JHVEPhoto Saudi Aramco ( ARMCO ) CEO Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters . Nasser, who has been CEO of the world’s top oil exporter for more than a decade, is usually a headline speaker at the conference, one of the energy industry’s biggest events. ...
JHVEPhoto Saudi Aramco ( ARMCO ) CEO Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters . Nasser, who has been CEO of the world’s top oil exporter for more than a decade, is usually a headline speaker at the conference, one of the energy industry’s biggest events. CERAWeek, organized by S&P Global and beginning on Monday, draws top executives, government officials, and policymakers from around the world to discuss the global energy market outlook. He will also not provide a recorded video message for the CERAWeek conference, the source said, adding that the event’s organizers had been notified. The conflict, now in its fourth week, has killed more than 2,000 people, upended global markets, and spurred Iranian retaliatory strikes that have effectively shut the Strait of Hormuz and targeted Gulf energy infrastructure, including Aramco’s ( ARMCO ). More on United States Oil Fund LP ETF Wall Street Brunch: Oil And Rates Will Still Dominate Sentiment The Oil Market Is Telling Us The Iran War Is Not Ending Soon Avoid S&P + Bonds, Buy Gold + Energy - George Noble IEA says global economies under major threat with Hormuz crisis, weighs fresh oil stock releases Goldman Sachs raises 2026 Brent crude forecast by $8 to $85 a barrel
Getty Images Article Thesis I mentioned several times that I am not a fan of buy-write ETFs, meaning ETFs that buy shares in an underlying and sell covered Call options. The problems come from their mechanical approach, with the same expiration date (usually one month away) and about the same OTM (Out-of-The-Money) distance from the current price. A better approach is to sell our own flexible cove...
Getty Images Article Thesis I mentioned several times that I am not a fan of buy-write ETFs, meaning ETFs that buy shares in an underlying and sell covered Call options. The problems come from their mechanical approach, with the same expiration date (usually one month away) and about the same OTM (Out-of-The-Money) distance from the current price. A better approach is to sell our own flexible covered Call options on the underlying, and a much better one is to sell Put Spreads (or bull Put Spreads), like described in these articles: 41.8% return from bull Put Spreads on Alphabet ( GOOGL ), compared to 26.4% from YieldMax GOOGL Option Income Strategy ETF ( GOOY ) and to 29.6% from GOOGL shares from November 2024 to August/September 2025, although the underlying spiked even more after that. ~108% return from bull Put Spreads on iShares 20+ Year Treasury Bond ETF ( TLT ), compared to about ~10% from iShares 20+ Year Treasury Bond BuyWrite Strategy ETF ( TLTW ) from January until December 2025, and with TLT about flat. We can observe a much higher return in the second case because, with the underlying not moving very much, I can simply roll over those Put Spreads every four to six months, and all of them are profitable. I want to focus today on a similar strategy regarding YieldMax NVDA Option Income Strategy ETF ( NVDY ), which is a buy-write ETF on Nvidia ( NVDA ). This is much more similar to GOOY than to TLTW, meaning that I expect a return from bull Put Spreads on NVDA to stay below 100% annualized, because the stock can fluctuate up and down, and maybe not all my rolling options are profitable. Then, this is an excellent strategy for a neutral-to-bullish outlook. When all those options expire worthless, I just keep the premiums, then I roll them over. However, for investors who are very bullish on NVDA, then the stock may outperform. For investors who are very bearish on NVDA, these rolling options can underperform because they will have negative leverage under a c...
peshkov/iStock via Getty Images Market review Global markets, as represented by the MSCI All Country World Index (ACWI), returned 3.4% during the fourth quarter to close the year at multiyear highs, with the index returning 22.9% in US dollar terms for 2025. Market breadth broadened during the quarter beyond mega-cap leaders into value-oriented sectors and healthcare, which recovered as uncertaint...
peshkov/iStock via Getty Images Market review Global markets, as represented by the MSCI All Country World Index (ACWI), returned 3.4% during the fourth quarter to close the year at multiyear highs, with the index returning 22.9% in US dollar terms for 2025. Market breadth broadened during the quarter beyond mega-cap leaders into value-oriented sectors and healthcare, which recovered as uncertainty abated. Country and regional performance within the MSCI ACWI remained differentiated. US equities posted a positive return, but non-US markets – including Europe and parts of Asia – have outpaced US returns in recent months, buoyed by export resilience, fiscal support, and improved macroeconomic data outside the US. Chinese equities declined amid softer domestic data, contrasting with stronger performance in South Korea and Taiwan, adding to global dispersion. Source: Bloomberg, unless otherwise indicated. Within the Fund In 4Q25, Nomura Global Growth Fund Institutional Class shares posted a positive total return but underperformed the Fund's benchmark, the MSCI ACWI (net). Stock selection proved most challenging across the consumer discretionary, communication services, and industrials sectors, with prior long-time outperformers selling as their growth leadership moderated. This was offset somewhat by positive stock selection within healthcare and information technology. Top-down dynamics played a role this quarter. In industrials, the Fund's defense exposures detracted on signs of potential peace negotiations in the Russia-Ukraine war, even though demand remains strong. Within communication services, the underweight to Alphabet Inc. ( GOOGL ) and exposures to select telecommunications companies detracted on the back of moderated growth and valuation concerns. In turn, the Fund exited positions in AT&T Inc. ( T ) and Deutsche Telekom AG (D T EGY) and instead added to Alphabet and Bharti Airtel Ltd. (BHRQY) in India, where we see positive industry tailwinds given robust ...