Another non-farm payroll week finished and again successfully pushed higher into Thursday / Friday as usual. What happen after that will be very interesting because we have a late option expiration this quarter end by 21st. So the fight to contain the upside already started. My guess is that option market makers will want to bring SPX back down a bit.
But how they are going to make that happen can be a big surprise. Maybe it also depends on Nancy Pelosi. It was reported that she was long NVidia using options. Given her 100% winning track record, the moment she is out of her position I am sure the stock will have a large correction right after.
Many Canadians are happy to hear the interest rate cut announcement by Bank of Canada. However, the unintended consequence can be very damaging to the country. Here is a short video explaining why it is not a good idea.
And that leads to the question of what the Fed will do. Peter Grosskopf discussed with David Lin on the outlook.
Lately I am experimenting with chia seeds as a way to control my weight and then this video popped up on my youtube top page. How do they figure this out …
My schedule is now back to normal but I have tons of work piled up. So turbo catch up mode it is.
Have a great weekend all!
