#FOMC Warsh: โHalf of my colleagues thought the policy rate given all those developments should be at this level or lower between now and year-end, and the other half thought higher. That 19th voter was me, and I didn't submit one.โ
If you just go by the "dot plot" or watch the news coverage of #FOMC you get a more hawkish take than from listening to Warsh himself at the news conference.
Not expecting @federalreserve rate cuts today of course, but is there chance #FOMC Chairman Warsh says that they are "not off the table" for this year? That would certainly change the vibes.
Was a little leery at first that this was just another marketing ploy, but seems like a meaningful improvement to fund, both in terms of the underlying liquidity and expense ratio. Along with NEOS, @TappAlphaFunds continues to be one of my favorites!
Big news for $TSPY shareholders.
Weโve entered into a licensing relationship with S&P Dow Jones Indices โ which means TSPY now officially carries the S&P 500ยฎ name.
Effective May 1, 2026, TSPY is the TappAlpha S&P 500 Growth and Daily Income ETF.
At the same time, weโre switching our underlying from SPY โ VOO. Same S&P 500 exposure. ~6.45 fewer basis points of drag per year for shareholders.
The income strategy? Unchanged. The ticker? Still TSPY. The cost to you? Lower.
Two upgrades. Zero disruption to the strategy. Lower fees.
Find out more: https://t.co/bJ10UTWtDl
#TSPY #IncomeETF #SP500 #CoveredCalls #ETFInvesting @TappAlphaFunds
Disclosures:
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling (844) 403-2888 or visiting https://t.co/5BWMMUpogW. The prospectus should be read carefully before investing.
Investing in securities involves risk, including the potential loss of principal.
Distributor: Foreside Fund Services, LLC, Member FINRA.
Big news for $TSPY shareholders.
Weโve entered into a licensing relationship with S&P Dow Jones Indices โ which means TSPY now officially carries the S&P 500ยฎ name.
Effective May 1, 2026, TSPY is the TappAlpha S&P 500 Growth and Daily Income ETF.
At the same time, weโre switching our underlying from SPY โ VOO. Same S&P 500 exposure. ~6.45 fewer basis points of drag per year for shareholders.
The income strategy? Unchanged. The ticker? Still TSPY. The cost to you? Lower.
Two upgrades. Zero disruption to the strategy. Lower fees.
Find out more: https://t.co/bJ10UTWtDl
#TSPY #IncomeETF #SP500 #CoveredCalls #ETFInvesting @TappAlphaFunds
Disclosures:
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling (844) 403-2888 or visiting https://t.co/5BWMMUpogW. The prospectus should be read carefully before investing.
Investing in securities involves risk, including the potential loss of principal.
Distributor: Foreside Fund Services, LLC, Member FINRA.
NBA, please do something about the flopping. Much worse problem than tanking, which seems to be Commissioner priority. This Spurs-OKC series should be an all-time great showcase for @NBA but it's marred by the constant flopping. If @OfficialNBARefs enforced tech rules already on books that would go a long way way!
A @SoFi feature request: My wife has joint account w/ our son. I tried to open a joint account with her so we could switch our household bills to $SOFI (since I'm a big fan of stock!) No can do. She'd have to close her other joint account. That's a crazy & unnecessary limitation. Every local bank allow this. Please address! thx @SoFiSupport@SoFiIR@anthonynoto
The income ETF market continues to grow and evolve. @x_ETFs out soon with two new offerings that pair daily 0DTE concept (think $TSPY, etc.) but on a single stock instead of an index and with a different coverage strategy. Funds are billed as daily harvested income with weekly payouts. This will be interesting to follow!
๐ข NYYY and TYYY are now trading on NYSE.
Designed to stay invested in an underlying stock while generating daily options income, without fully capping upside.
Learn more:
xETFs NVDA Daily Income ETF (NYYY): https://t.co/WMf36BGU8k
xETFs TSLA Daily Income ETF (TYYY): https://t.co/cwp2ng0f2d
Holy sh*t
$SoFi just made an acquisition
They just bought Composer Technologies and Composer Securities
Composer Technologies Inc. is an AI-powered investment platform for creating automated trading strategies
Composer Securities LLC is a SEC-registered broker-dealer and FINRA member that executes the trades
Founded in 2022 they have over $28 billion trading volume, 15 million orders executed, 2 million account rebalances, $200 million in assets on Composer
So @RobinhoodApp is closing Spending Accounts without giving customers access to an alternative? Doesn't make a ton of sense to treat customers that way.
My grip of the day: Searching for more tax-efficient income ETFs & keep coming back to @NEOSInvestments. Why don't more ETF issuers focus on this as well as they do? After tax yield is really the key. @GoldmanSachs' $GPIQ & $GPIX are also nice alternatives, and the new @jpmorgan funds might be too, but it's slim pickings overall!
Some top-tier brokers mitigate this glitch by offering a "Substitute Payment Credit." If yours does not, that margin loan is costing you significantly more than the stated interest rate. Know your plumbing.
Public Service Message: There's a hidden 'tax leak' in your income machine
If you use margin in your account, your broker can legally lend out your shares to short sellers. This happens regardless of your specific "stock lending" settings.
The fancy term is re-hypothecation. Here's how it works:
How to check your engine's health:
Audit your monthly income statements. If you see terms like "Manufactured Dividend" (MDIV) or "Payment in Lieu," your parts are being borrowed, and your tax efficiency is leaking.