One Option Trading Blog https://ift.tt/34YGMSi Posted 9:30 AM ET - Yesterday the market dipped after the FOMC statement, but it recovered late in the day. The Fed remains flexible and it will monitor conditions. Fed officials in aggregate feel that no additional rate cuts are needed this year. The market is pricing in one more move and that is overly optimistic. Stocks weathered the hawkish news and we could be stuck in a trading range. A trade deputy from China will arrive today to discuss the framework for face-to-face negotiations in October. From my perspective this is "lip service" to calm investors. There will not be …
No comments:
Post a Comment