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Friday, March 6, 2020

Too Many Jobs Spark Big Market Decline [Here’s Why]


One Option Trading Blog https://ift.tt/2x8fE6D Posted 9:30 AM ET - It's unusual to see robust job growth and a 100 point S&P 500 decline. Of course job growth is not the source of the selling. After scouring the news this morning I was tired of reading headlines peppered with Coronavirus and panic so I tried to add a little levity to a gloomy day. Panic selling is hitting full stride and the S&P 500 is likely to test the lows from last Friday. Stocks tried to bounce this week, but the selling pressure was heavy as the Coronavirus continues to spread. Corporations are imposing travel bands …

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