One Option Trading Blog https://ift.tt/2kwZRZ9 Posted 9:30 AM ET - Last week the Fed cut interest rates by a quarter-point. That move was largely expected and traders were watching for future signs of easing. We learned that most Fed officials feel that they are done for the year. The market is pricing in another rate cut this year and I believe the selling Friday was a delayed reaction. Quadruple witching may have played a small role in the drop Friday. Once the momentum was established it fueled the move. The overnight news was very light and it has a negative bias. Flash PMI's in Europe were …
No comments:
Post a Comment