Options Spy: Buying and selling put options became mainstream trading strategies at the same time
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Market highlights:The latest data showed that the United States unseasonally adjusted CPI annual rate of 3.2 percent in July, the first acceleration since June 2022, but below market expectations of 3.3 percent, compared with the previous value of 3 percent. The seasonally adjusted CPI rate recorded 0.2% in July, unchanged from the previous month and in line with market expectations. The unseasonally adjusted core CPI annual rate came in at 4.7%, below expectations and the previous reading of 4.80%, the lowest since October 2021.J.p. Morgan chief strategist Marko Kolanovic wrote in a new note that PE looks too high as central banks in the U.S. and Europe are unlikely to turn in the near term. Advising investors to reduce their equity holdings: "Current valuations suggest that investors exp