Options Supplement: June 26, 2016 The outcome that most people realized was a possibility but never truly believed would happen ended up playing out late Thursday night. Around midnight, British news outlets began calling the result – the leave camp was going to win. The move in currencies and equity futures around the world was […]
Options Supplement: June 23, 2016 As the final countdown to the Brexit vote began, investors threw caution to the wind and sent stocks rocketing higher. The S&P 500 finished up 1.34%, marking its best close since June 9th. The buying started early, led by significant gains in European averages and oil (+2.04%), which managed to reclaim […]
Options Supplement: June 22, 2016 All eyes on the U.K. Stocks finished lower Wednesday as the two day rally paused heading into the massively important Brexit vote tomorrow. The S&P 500 ended down .27% for the day after alternating between gains and losses making for another choppy, indecisive session. Traders seemed reluctant to put money […]
Options Supplement: June 21, 2016 Stocks had a quiet session Tuesday ahead of the looming Brexit vote but still managed to finish the day in the green. The S&P 500 finished up .27% while the Nasdaq added .14% but both chopped around in a tight range on below average volume for most of the day. […]
Options Supplement: June 20, 2016 A little weekend break did wonders for stocks on Monday. The S&P 500 bounced back to start the week, finishing up .58%, as new Brexit polls showed the majority appears to be favoring staying in the EU. Traders took their lead from European averages – which were up between 2.5%-3.5% […]
Options Supplement: June 19, 2016 Stocks tumbled Friday to finish the week on a sour note. The S&P 500 (-.33%), Dow (-.33%) and Nasdaq (-.92%) all closed red, and at least for one day, did not take their cue from Europe. For the week, all three averages finished lower by more than 1% with the […]
Options Supplement: June 16, 2016 Stocks came roaring back from early morning losses today and finally broke the long losing streak. Late last night after Yellen signaled lower rates for longer, the Bank of Japan kept their monetary policy steady sending Asian shares tumbling. The selling spilled over into Europe and our open, and by […]
Options Supplement: June 15, 2016 Lower rates for longer. That seemed to be the message broadcast loud and clear this afternoon. The Fed held rates steady as was widely expected and stressed caution in determining future hikes as economic data continues to be mixed. Stocks were strong early and initially liked the news but as […]
Options Supplement: June 14, 2016 Stocks slid for a fourth consecutive day as traders braced for the FOMC rate decision tomorrow. The S&P 500 finished off .18% but was down nearly .75% before catching a bid in the late afternoon. As has been the case recently, global weakness weighed heavily on our markets as selling […]
Options Supplement: June 13 2016 Friday’s jitters spilled over into trading today as stocks sold off hard for a second consecutive day. The S&P 500 lost .81% while the Nasdaq continued to struggle relative to the other averages, finishing down .94%. The selling started overnight in Asia and continued through the early morning in […]