Thursday, October 22, 2020

Market Waiting For Stimulus - Stocks Will Drop If No Agreement Friday


One Option Trading Blog https://ift.tt/3dSunUz Posted 9:30 AM ET - Investors have patiently been waiting for a pre-election stimulus bill and if it doesn't happen by the close Friday, it will have to wait until after the election results are known. The Senate will confirm Amy Coney Barrett next week and that will sour the negotiations. I believe the only thing keeping the market afloat is the prospect of a pre-election deal. Asset Managers are reducing risk ahead of the election and that is reflected in the recent market pullback. I believe that the SPY 50-day moving average will be tested this week. The market has …

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