One Option Trading Blog https://ift.tt/31B2ivn Posted 9:30 AM ET - The S&P 500 is only 40 points away from an all-time high. Given the bottom-line devastation from the Coronavirus, this is an incredible rally. Q2 profits for S&P 500 stocks were down 33% on average. Investors are relying on a "V" bottom recovery and additional government stimulus. We are heading into a news vacuum the next three weeks and I believe the upside rewards are smaller than the downside risks. Earnings season is winding down and 90% of the S&P 500 companies have reported. On average, revenues are down 11% and profits are down 33%. The …
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