One Option Trading Blog https://ift.tt/307yaZu Posted 9:30 AM ET - Since Memorial Day the S&P 500 has rallied almost 200 points. Optimism of a speedy economic recovery is fueling the move higher as states reopen. The threat of a spike in new Coronavirus cases and nationwide riots has not dampened spirits. Asset Managers know that quantitative easing/fiscal stimulus will be implemented if the recovery is sluggish and they are counting on that safety net. Stock valuations are stretched so we can expect resistance. ISM manufacturing and ISM services were better-than-feared this week and as surveys, they tend to be forward-looking. ADP reported that 2.76 million jobs …
No comments:
Post a Comment