To The Moon

Selective readings? When you read news articles, about US stocks, Crypto, US economy etc.. do you selectively read only the “good” stuff eg. positive news or are you indifferent ? For myself, I like to read about all things under the sun. That means news articles that are the good, the bad and the ugly. When it comes to US stock market, nothing is impossible. One only needs to hark back to March 2023. Who would have thought that US banking sector will encounter a bank run in this century, aided by social media platform -“X” (former Twitter). Which is why when I came across the above post, I did not hesitate and read it. Wasn’t it Jamie Dimon CEO of $JPMorgan Chase(JPM)$ who said the same thing recently? (see above) Is there any truth about a loomi

The surprisingly strong US jobs report led traders to scale back expectations for Fed rate cuts this year. The US dollar index rallied and Treasury yields spiked higher.Options flows showed an increase in downside put hedging for SPY. For QQQ, there was greater divergence with expectations for further 1.5% upside through July but hedges building for a potential September pullback. Small-caps remained volatile with expectations for a 2.4% rally in IWM by July 17 expiry.Details: $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest unchanged over the past 5 days. Open put contracts increased 6.0% over the same period.For call options, the most actively traded was the $SPY 20240610 535.0 C