One Option Trading Blog https://ift.tt/2XCO3UC Posted 9:30 AM ET - Yesterday the S&P 500 blew through the 200-day moving average to start the week. Optimism that consumers are ready to restart their lives attracted buyers as many states ramp up their reopening. Central banks are adding liquidity and governments are increasing fiscal stimulus. This morning we are seeing follow through and the S&P 500 is adding to yesterday's gains. Japan announced a $1.1 trillion stimulus plan and Mitch McConnell said that another US stimulus plan is likely. The EU unveiled its intentions to borrow €750 billion to aid in the economic recovery. In short, central banks …
No comments:
Post a Comment