I know you're being tongue in cheek, but on a serious note: the Put-Call ratio is actually climbing, which is interesting given:

1. Horrible, but expected, GDP print
2. Jobless claims worse than expected
3. Monetary stimulus appears to have plateaued
4. Consumer spending about to take a hit as unemployment benefits go from >100% of average wages to ~70%

I'd hate to be a Beta chaser if and when the market starts trading on fundamentals again

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Posted by wutangfinancial

Treasure Valley

Member since Sep 2015

11210 posts

Posted on 7/30/20 at 9:05 am to RedStickBR

The problem is that stuff is already "priced in." It will take an event in the bond market to shake the QQQ tree again. The DXY looks like it's behaving how the Fed wants and the MOVE index continues to dive so I'd guess we see ranged trading until Q3 earnings season.

quote:
Interestingly now neither Obama nor Trump have a stake at the dubious claim of never having a year with annual GDP of 3% or more as 2015 (3.1%) and 2018 (3%) were both revised upward.

I honestly thought the opposite would happen to 2018/2019.

This post was edited on 7/30/20 at 9:28 am

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Posted by tigergirl10

Member since Jul 2019

10324 posts

Posted on 7/30/20 at 10:51 am to RedStickBR

quote:
unemployment benefits go from >100%

Not true for a lot of people. There are plenty of people who are unemployed and make much more than what unemployment pays. My entire family is losing thousands.

Anyone who makes over $40,000 in Louisiana is losing money. The max unemployment is $767 a week in Louisiana after 10% taxes. A lot of people with careers, mortgages, and children make more than that without unemployment.

Without an extension, LA people will receive less than minimum wage at $222 a week.

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Posted by wutangfinancial

Treasure Valley

Member since Sep 2015

11210 posts

Posted on 7/30/20 at 4:26 pm to RedStickBR