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Friday, June 15, 2018

Stay In Cash - Trade Wars Unfolding - We Will Wait For Support


One Option Trading Blog https://ift.tt/2JFAUGu Posted 9:30 AM ET - Yesterday the NASDAQ 100 made a new all-time high and tech stocks are led the market rally. Buyers have ignored a number of negative news events this week and stocks have been extremely resilient. This morning we learned that Trump will impose $50 billion worth of tariffs on Chinese goods and that another $100 billion is likely. The S&P 500 is down 10 points on the open and this news will provide a stiff headwind. Two months ago the market was fearful that a trade war could erupt. Negotiations progressed and investors got used to the …

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