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☆ Election hedging is causing a 'kink' in the volatility market
▼ + stars: | 2024-06-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Traders are gearing up for an increase in volatility around the November elections in the United States, according to one market indicator. Stacey Gilbert, CIO of Glenmede Investment Management, said that the futures market for the Cboe Volatility Index is showing a distortion around the November election. Vix futures are basically a way to bet on or hedge against where the index will be trading at the time of expiration. The expectation for volatility around this election is pretty sizable," Gilbert said. "It would stand to reason that the Vix, or volatility in general, would increase around then," he added.

Persons: Stacey Gilbert, Gilbert, Donald Trump, Joe Biden, Ed Clissold, Ned Davis, it's, Clissold Organizations: Glenmede Investment Management, Republican, Democratic, Bank of America, Ned, Ned Davis Research, Republicans Locations: United States, U.S

☆ US officials who resigned over Biden’s Gaza policy are working together to put pressure on admin
▼ + stars: | 2024-06-08 | by ( Jennifer Hansler | Kylie Atwood | ) edition.cnn.com time to read: +10 min

CNN —A group of US officials who publicly resigned over the Biden administration’s Gaza policy are banding together to support ongoing dissent and put pressure on the government to change course. Many of the officials who resigned publicly said they would instead seek to have an impact outside the government. Some of those who publicly resigned had particular breaking points; others said it was the collective toll of incidents throughout the conflict. Biden administration officials have said that they respect differences of opinions. Many officials told CNN they spoke with other officials who had resigned publicly to seek advice before going public with their own resignations.

Persons: Joe Biden, Josh Paul, Harrison Mann, Tariq Habash, Annelle Sheline, Hala Rharrit, Lily Greenberg, Alex Smith, Stacy Gilbert –, Josh Paul CNN “, ”, Paul, …, ” Mann, Gilbert, “, Israel, Stacey Gilbert, Stacey Gilbert “, ” Gilbert, Biden, Matthew Miller, Samantha Power, ‘, Smith, Mann, ” Smith, Alex Smith CNN, Greenberg, ” Lily Greenberg, didn’t, ” “, ” Greenberg Organizations: CNN, Biden, Israel, State Department, ”, US Agency for International Development, USAID, NPR, Interior Department, Army, Defense Intelligence Agency Locations: Gaza, Israel, –, United States

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