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Monday, June 24, 2019

Market Will Digest Gains This Week While It Waits For G20


One Option Trading Blog http://bit.ly/2KAEP7E Posted 9:30 AM ET - Last week the market broke out to a new all-time high and it is pricing in best case scenarios. Trump and Xi will meet this weekend, but that doesn't mean that relations are improving or that trade negotiations will escalate. The FOMC removed the word "patient" from its statement, but it did not hint that is leading towards a rate cut in July during the press conference. Traders will go with the flow as long as the breakout holds. You know from my comments that I'm very skeptical about a US/China trade deal before the 2020 …

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