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Monday, May 6, 2019

China Deal Still Likely But Sell Programs Could Trigger Today


One Option Trading Blog http://bit.ly/2JrQrZh Posted 9:30 AM ET - Last week the market rallied to an all-time high. Earnings have been good enough to keep the market inching higher, but not good enough to spark major buying. Domestic economic releases have been strong, but ISM manufacturing and ISM services missed expectations. This was going to be a quiet week, but president Trump has changed that. The S&P 500 is down 50 points overnight on strong rhetoric from Trump. He wants a Chinese deal now and he has threatened to impose tariffs if they can't get one across the finish line soon. Chinese Premier Xi struck …

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