Brian Belski, BMO Capital Markets Chief Investment Strategist, joined Yahoo Finance to evaluate how inflation concerns are impacting the market.
This income-generating trade involves selling a short-term option and buying a longer-term option with the same strike price.
The S&P 500 (SNPINDEX: ^GSPC) had gained 52 points to 4,115, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had climbed 137 points to 13,169. Bitcoin has seen huge gains so far in 2021, and at its best levels, it had more than doubled since the beginning of the year. Bitcoin aficionados also got what many might have seen as a betrayal from Tesla (NASDAQ: TSLA) CEO Elon Musk.