SPY finance options skew shifted towards calls, with open interest at the 515 strike up 18% day-over-day. This change signals traders positioning for potential upside despite recent volatility. “Tokenized stocks and ETFs in Wallet in Telegram aim to bridge this divide,” the company stated, “giving everyday users and the underbanked direct access to financial tools once reserved for the privileged few.” There is also a good correlation between the CCI's jobs availability spread and the job openings series in the JOLTS report. The latter just came out for August, and might be heading lower in September, according to the jobs availability spread. Goldman Sachs revised its SPY finance target upward to $522, citing robust earnings growth in the S&P 500 constituents and stabilizing macro data. This outlook underpins moderate bullish sentiment through summer.
