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Thursday, June 2, 2016

Summer Doldrums - Market Bid Will Strengthen After FOMC Next Wed


One Option Trading Blog http://ift.tt/1TLtivu Posted 9:40 AM ET - I wish I had some exciting news for you, but I don't. The market is directionless and it's waiting for a catalyst. ISM manufacturing was a little bit better than expected yesterday and official PMI's were in line. This morning ADP reported that 173,000 new jobs were created in the private sector during the month of May. That is a perfect number (not too hot and not too cold). The Street is modeling for 160,000 new jobs tomorrow. It's typical to see an employment dip during the summer due to seasonal adjustments. A number in the …

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