Futures are in free fall as COVID cases rise among a majority of states. The US government could not pass a stimulus package to help the economy. Yesterday, there was a tough fight between the bears/bulls finishing slightly lower. I’ve been bearish for some time and that’s cost me as this market is fueled on hopes and FED money. The FED will be printing like crazy trying to prop the markets up. Just think how much tax payer money is being funneled into the markets...
SPY
VIX
QQQ
Headlines
- Deutsche Bank swings back to profit in third quarter, beats expectations
- European stocks drop and Dow futures slide 400 points as rising COVID-19 cases set to trigger more restrictions
- Glass Half Full? Record U.S. GDP Growth Will Mask A Deeply Hurting Economy
- More than half of US states reported their highest day of coronavirus cases this month
My Trades
- 12 10/30 SPY puts @1.91
Posted Using LeoFinance Beta
I saw all the headlines and expected my stuff to be down, but it was still up. I just can't understand what is going on! :P
That's good I think there's a lot of uncertainty in the air. Plus we ha e a lot of earnings on deck. It's pretty crazy to think, but for SPY you really have a handful of stocks in the index that decide the value becomes they are so big and Disproportionately waited. Apple, Amazon, Netflix or companies like Microsoft control SPY.