One Option Trading Blog https://ift.tt/3hEV2G2 Posted 9:30 AM ET - The S&P 500 has tested the 200-day moving average three times in the last week and it has bounced off of that support level. Asset Managers have a "recovery or bust" mentality and they are relying on central bank money printing. Bond yields don't keep pace with inflation so those investments generate negative real returns. Stock valuations are stretched and the Coronavirus is resurfacing as the economy reopens, but that hasn't deterred investors. Look for price compression with a slightly upward bias the rest of the week. Initial jobless claims were 1.5 million and that was …
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