bmoochie said:

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Wtf kind of day was this?!

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I need the Morpheus (matrix) gif here… "What if I told you interest rates are going to be cut soon!" Maybe the markets know cuts are coming

Brewmaster said:

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bmoochie said:

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Wtf kind of day was this?!

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I need the Morpheus (matrix) gif here… "What if I told you interest rates are going to be cut soon!" Maybe the markets know cuts are coming

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You'd be wrong. The markets and it's participants aren't even as accurate as weathermen. That's why the majority of money managers rarely beat the S&P. They've been predicting cuts for how long now? If you told them in January that the best we would get is a single cut in December, how many of them would have predicted 5300?

I actually think there is a setup in place, in both bonds and yields, for rates to come down a bit. But even with my methods of measuring sentiment, I am wrong a lot. Nothing is baked in and nothing is a given. And nobody is omniscient.

FishrCoAg said:

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Just sold a June 160 put for 2.25. Spread was .75 bid 4.xx ask

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Followed you here but only got $2. Sp jumped after close so probably an easy $200