A Triple Witching Day, Increased Volume & An ‘Are You Ready for Retirement’ Quiz

A Triple Witching Day, Increased Volume & An ‘Are You Ready for Retirement’ Quiz

The Money Wise guys are back with another jam-packed episode! They begin with a look back at last week’s numbers from Wall Street. The Dow was up 1.2%, the S&P 500 was up 2.6%, and the NASDAQ was up 3.2%. YTD the Dow is up 3.5%, the S&P is up 14.8%, and the NASDAQ is up a whopping 30.8%. The Money Wise guys joke about how far off their 2023 predictions were for the markets, which have had a strong six months on the backs of AI stocks. We’re still seeing more broadening of the market outside of the ten stocks that have driven the S&P. We also saw increased volume last week, even before Friday, which was a Triple Options Expiration Day, also known as a Triple Witching Day. We’re seeing more retail participation, net-positive in-flows from equity mutual funds and equity ETFs, and FOMO seems to be back. We’re still not back to all-time highs, so don’t let the FOMO overtake you! As the Money Wise guys remind us, the market’s ultimate goal is to continue to rise over the long term. In this episode, they also discuss why the earnings decline shouldn’t disturb investors, and whether positive earnings growth is in our near future.

What is a Triple Witching Day?

The guys mention last week’s Triple Options Expiration Day in this episode, commonly called a Triple Witching Day. So, what is it? A Triple Witching Day, as defined by Investopedia, is the term for a day when there is a simultaneous expiration of stock options, stock index futures, and stock index options contracts all on the same day. It happens four times each year, on the third Friday of March, June, September, and December. Learn more in this FOREX article.

In the second hour, the Money Wise guys share a helpful “Are You Ready for Retirement?” quiz. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.