Author: Piero Cingari

A widely watched gauge of bond market volatility has surged to its highest level in over a year as American voters cast their ballots in one of the closest presidential races in recent history. The ICE BofAML U.S. Bond Market Option Volatility Estimate Index, or “MOVE” index, closed at 136 on Monday, reaching levels last…

Trade and geopolitical tensions are weighing on the global EV market. On Monday, Reuters reported that Canadian Prime Minister Justin Trudeau announced that Canada would impose a 100% tariff on Chinese electric vehicle imports. In addition, Ottawa will levy a 25% tariff on imported steel and aluminum from China. These moves align Canada with similar…

The second-quarter earnings season kicks off this week with key reports from PepsiCo Inc. (NASDAQ:PEP), Progressive Corp. (NYSE:PGR), and Delta Air Lines Inc. (NYSE:DAL) on Thursday, followed by major banks like JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC) on Friday. Goldman Sachs equity analysts have identified four options…