One Option Trading Blog http://ift.tt/2IDhYUv Posted 9:30 AM ET - The market retraced last week and it is testing support at the 50-day moving average. Investors are worried that the Fed will hike four times this year and they will be looking for clues during the FOMC statement on Wednesday. I believe the comments will be dovish and the market will rebound. Wage inflation is the greatest concern and it only increased .1% last month when the Unemployment Report was released. This is the largest input cost for producers and they have to raise prices to maintain margins. Workers have more money and increased demand can …
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