One Option Trading Blog https://ift.tt/331sVsK Posted 9:30 AM ET - Today the Fed is expected to cut rates by a quarter of a point. This news is already baked in. Stocks have not been able to advance after a steady round of earnings this week. Apple and Facebook will post results after the close today. Trading volume has been anemic and that will change today. The FOMC statement will be more hawkish than the market would like. Domestic economic conditions are stable and political concerns are subsiding (US/China trade negotiations and Brexit). This gives the Fed breathing room. Day traders should wait for the press conference …
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