2min chapter

Many Happy Returns cover image

Markets Are Quiet. Too Quiet.

Many Happy Returns

CHAPTER

The Probability of a Rally in the S&P 500 Index

If you don't think markets are going to break out of this range, it makes absolute sense to buy one of these so-called buy right funds. JP Morgan equity premium income or JEPI is a fund that writes out of the money S&P 500 index call options. It's like the S&P, but it's got a yield of about 9.8%. If you hold these long term, of course, you'll end up with a performer as well.

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