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Monday, August 3, 2020

Jobs Will Be In Focus This Week - Tech Is Not Where the Jobs Are - Cash Is King


One Option Trading Blog https://ift.tt/39T1RAs Posted 9:45 AM ET - Last Friday the market rallied on strong earnings reactions from big tech companies. This was an important day for the market and mediocre results would have sparked profit-taking. Stocks finished on the high of the day and the S&P 500 is up 20 points before the open. I feel that the upside rewards are much smaller than the downside risks. Apple and Facebook rallied to new highs and they are part of an elite group. Ten companies in the S&P 500 are up 35% on average this year. The other 490 companies are down an average …

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