One Option Trading Blog http://ift.tt/2u0RIhy Posted 9:00 AM ET - The market is performed well last week and it will start strong this morning. China's economic numbers were better-than-expected and earnings announcements will increase this week. The S&P 500 made a new closing high and this breakout will have legs for a few more weeks. China's GDP came in at 6.9%, retail sales increased 11% and industrial production increased 7.6%. All of these numbers beat estimates and China's steel output hit record levels in June. The PBOC is likely to tighten soon. Banks posted solid numbers Friday and good news was priced in. They retreated slightly, …
No comments:
Post a Comment