Another option expiration week is now over. It was quarterly expiration of index options, index futures, and all kinds of options. Making things even more complicated, FOMC announcement was set on Wednesday. If I were option market makers, I would be on the edge as well.
About the FOMC decision that they pause the rate hike this month yet planned to hike rate 2 more times – watch Gundlach saying it is just a bluff.
Why? Because they can’t afford to as the regional banks will all fail according to Jeffrey Snider.
So, what’s the impact on everyone? David Lin had a talk with Adrian Day on the outlook.
What do I think? I already told my premium members what I think some time ago.
Check out this old article about what happened to stock markets around the world from 1930 to 1950. The nice thing with this article is that you get to see the charts of the overall performance of these stock markets back then. If history is going to repeat, the most important question you must ask yourself is where we are on those charts.
Another weekend packed with work.
Happy Father’s Day!
