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Monday, June 1, 2015

Big News This Week - No Lasting Impact - Summer Doldrums Ahead


One Option Trading Blog http://ift.tt/1HH8ezJ Posted 11:20 AM ET - Last week the S&P 500 chopped back and forth. This is a directionless market and major news events are scheduled. ISM manufacturing was better than expected and it came in at 52.8. That might take some of the sting out of last week's dismal GDP (-.7%) and durable goods (-.5%) numbers. ISM services will be posted Wednesday along with ADP. I am expecting Goldilocks results (not too hot, not too cold). The ECB will also post its rate decision. They have been more hawkish recently, but I'm not expecting a negative tone ahead of a Greek …

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