Good morning!
Markets up this morning after an ever so slightly drop on Tuesday. We may stay range bound until the Friday jobs report. A jobs report that’s hotter than normal, can tip the taper timeline or not since there seems to be no stopping the printing presses. ADP payrolls came in weak this morning which could keep things in check. Lately, however, we’ve been hearing that input costs for firms have been growing. So will earnings due to inflated costs be the tipping point that brings down the roaring bull? Probably not likely since what typically brings down markets is what is not expected. So I’ll keep complaining about this market’s relentless move higher and will continue selling options that allows my account to keep growing. Can’t complain about that!
Talk soon,
Al Losada
Founder | SimpleOptionStrategies.com
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