One Option Trading Blog https://ift.tt/2MDbxoR Posted 9:30 AM ET - The market was pricing in best case scenarios and most of them didn't pan out. Bullish speculators are getting flushed out and the S&P 500 will test the 100-day moving average this morning. Two weeks ago traders rejoiced when Trump and Xi met at the G20 in Japan. After the meeting, trade negotiations resumed by telephone - a clearly bearish sign (not worth getting in a plane). The market has priced in two more rate cuts this year and based on comments from Fed Chairman Powell last week that is not likely. Domestic economic conditions are …
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