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Tuesday, May 17, 2016

FOMC Minutes Will Be More Hawkish - Rate Hike Worries Won’t Be An Issue


One Option Trading Blog http://ift.tt/1YyNUe1 Posted 9:30 AM ET - Yesterday the market rallied and it floated back into the middle of the range. Once the early momentum is established, stocks tend to continue the move the rest of the day. We are in a news vacuum and this pattern will continue. The FOMC minutes will be released tomorrow afternoon and that is the only significant news this week. We can expect a more hawkish tone, but the soft jobs report in April will keep rate hike worries in check. The action will slow down next week ahead of Memorial Day. Our only chance for sustained …

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