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Friday, August 7, 2020

Jobs Report Was the Last Piece of Big News For the Next Few Weeks - Stimulus Bill Priced In


One Option Trading Blog https://ift.tt/33CA5qw Posted 9:30 AM ET - The S&P 500 is only 50 points from its all-time high and a strong jobs number this morning will keep buyers engaged. Earnings season has climaxed and 80% of the S&P 500 companies have reported. Politicians are still haggling over the stimulus plan and a $1.5 trillion deal is priced in. We are heading into a news vacuum that will last three weeks and the action will slow down. This morning we learned that 1.76 million new jobs were added in July. That is within the range of consensus estimates (1.5 million to 2 million). Weekly …

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