One Option Trading Blog https://ift.tt/31L5mq9 Posted 9:30 AM ET - The market has staged an impressive rally during one of the historically weakest months of the year. This is the best August we've had in more than three decades. Stocks are gradually floating higher on light volume and I categorize this as a seller's boycott. The economic calendar is heavy this week. China posted its official PMI and it was in line (51.0). Economic activity is expanding, but not at a fast pace. Major Chinese banks have posted a 10% decline in profits year-over-year. ISM manufacturing, ADP, the Beige Book, ISM services and the Unemployment Report …
No comments:
Post a Comment