Options Spy | Good news continues, institutions once again sold put options to buy the bottom BABA
@OptionsBB:
The overall performance of US stocks in 2023 is strong, and the Dow Jones and S&P are expected to rise 13% and 24% respectively by the end of 2023, and the Nasdaq is expected to rise 44%. Traders are pricing in a more than 70 percent chance of a rate cut at the Fed's March meeting, according to CME's FedWatch tool. Expectations that the Fed could start cutting interest rates as early as March have pushed stocks to levels that some technical analysts say are overbought.U.S. stocks are at the peak of the so-called "Christmas run," a period that includes the last five trading days of the year and the first two trading days of the New Year. Based on data from the Stock Trader's Almanac going back to 1950, the S&P has risen an average of about 1.3 percent over that period.