The right way to trade recessions

[Chart Pattern Trading]  Why I Sued the Gov’t – And What I Recommend Now It’s more critical than ever that you and your money are in the right place at the right time. Most will pay no attention. Even fewer will take the basic steps I recommend. But, this warning could be life-changing. [Get the full details here.]( Sponsored  ---------------------------------------------------------------  Your Trading Strategy is Outdated Yes, you can still make money using a good system and the latest indicators. …But it will take a lot longer and be a lot harder. Or you could use the right tool and start making money within minutes. [This is the one tool you need.]( Sponsored  --------------------------------------------------------------- Thesis Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) is an equity buy write fund from the Eaton Vance suite. As per the fund’s literature: The Fund invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to seek to generate current earnings from the option premium. The Fund’s portfolio managers use the adviser’s and sub-adviser’s internal research and proprietary modeling techniques in making investment decisions. The Fund evaluates returns on an after tax basis and seeks to minimize and defer federal income taxes incurred by shareholders in connection with their investment in the Fund. The fund has delivered outstanding value and returns historically, and it is the proper way to trade recessions. The CEF however is currently overpriced, with a premium to NAV of over 15%. For the current market cycle the fund is already embedding in its premium the pricing benefit achieved via short vol positioning, but retail investors looking for an appropriate instrument to trade the next macro cycle should keep this fund on their watchlist. Performance YTD Total Return (Seeking Alpha) We can see the CEF being now down only -10% this year, versus -17.6% for the S&P 500 and -29.6% for the Nasdaq. We are including the tech index here because historically, ETV has had a technology overweight positioning when compared to the S&P 500. Sectoral Breakdown (Fund Fact Sheet) We can see from the sectoral split that ETV has a 35% allocation to information technology, versus only 26.8% for the S&P 500. So while we cannot consider ETV a tech equity CEF, it is nonetheless tech oriented versus a pure S&P 500 buy-write CEF. Premium / Discount to NAV Historic Premium to NAV (Morningstar) We can observe from the above table courtesy of Morningstar that the CEF has traded at average premiums to NAV of around 5%. This year has been a different story altogether: We can observe how the premium has jumped to historic highs this year. The fund is now at an eye-popping 15% premium to net asset value. The market is basically pricing the high value of the systematic options, selling via the premium. We believe the premium is too high versus both historic levels and the value it offers. Conclusion ETV is a buy-write closed end fund. The vehicle has an overweight technology sectoral build, but has been able to outperform both the S&P 500 and Nasdaq indices in 2022. The CEF is down only -10% this year versus -17.6% for the S&P 500 and -29% for the Nasdaq. Furthermore, the CEF has exposed a very shallow drawdown as well when compared to the indices. While currently overpriced via a historic premium of over 15%, the fund is the proper way to trade recessions but still retain exposure to the equity asset class. The information provided is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are from 3rd parties, claims have not been independently verified by us, and we have not been compensated in any way to review the companies or symbols mentioned. [Read the original article here.](  ---------------------------------------------------------------  American Institute for Crypto Investors: “Data Predicts 500,000 New Crypto Millionaires in Next 5 Years” The world’s leading group of crypto and digital assets experts have issued latest predictions taking recent market activity into account. Analysis of extraordinary new pricing data from Fidelity shows crypto could reach a tipping point for exponential demand later this year. 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The safest 9% dividend in the world… top three “Extreme Dividend” stocks, and much, much more. [Click Here to Get His #1 Dividend Stock]( Sponsored  --------------------------------------------------------------- [Chart Pattern Trading] This contains contains paid ads from 3rd parties, for a product or service that is not offered, recommended or endorsed by us and for which claims have not been independently verified. We bear no responsibility nor have control over the content and /or the products or services offered[.]( The information is intended for informational purposes only and does not promise any results. There is a high degree of risk involved with trading. Nothing herein should be construed as an offer, or solicitation of an offer to buy or sell securities. You should always consult with a licensed securities professional before purchasing or selling securities. If you use, act upon or make decisions in reliance on information contained herein or any external source linked within it, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. Principals, employees or affiliates of our company may have an interest, a position or effect transactions in the companies discussed (or options thereon) and /or otherwise employ strategies that may be consistent or inconsistent with the provided strategies. Please review our [TOS](. Company information for Chart Pattern Trading: Digiclicks Ltd, 2423 SW 147th Ave #790, Miami, FL 33185, USA. Phone: 305-686-8087 In order to unsubscribe from this mailing list, please click [here](