0.05Open0.10Pre Close0 Volume2.29K Open Interest5935.00Strike Price0.00Turnover704.10%IV2.49%PremiumDec 3, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.05Extrinsic Value100Contract SizeEuropeanOptions Type-0.0037Delta0.0003Gamma121729.80Leverage Ratio-633.4727Theta0.0000Rho-452.98Eff Leverage0.0007Vega
S&P 500 Index Stock Discussion
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded +0.61%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.69%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 1.30%.
MACRO
Federal Reserve Chair Jerome Powell said the economy looks better now than when the central bank began...
$Salesforce (CRM.US)$ climbed 8%, the highest on the S&P 500 and Dow, after the enterprise cloud company beat estimates for third-qua...
Another All time high $Amazon (AMZN.US)$ propeling stock price with Apple's shift to its Graviton and Inferentia2 chips has yielded efficiency gains of over 40% in some of its machine learning services. CNBC also cited Dupin as saying Apple is in "early stages" of evaluating AWS' Trainium2 chips.
$Microsoft (MSFT.US)$recovered some of its recent dips at 417. Hoping it will hold its gains with Christmas effect...
This provides further evidence that the labour market is softening.
Looks like an another rate cut is on the card.
$Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $Salesforce (CRM.US)$ $Palantir (PLTR.US)$ $MicroStrategy (MSTR.US)$ $Super Micro Computer (SMCI.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $GameStop (GME.US)$ $MARA Holdings (MARA.US)$ $Netflix (NFLX.US)$ $Amazon (AMZN.US)$
1) The CEO of media company Axios defended the fading enthusiasm of mainstream media: "Musk, you are talking nonsense! Your Twitter is not a media. Are you users with blue badges who post 300 words casually journalists?"
2) Musk: The media is dead, citizen journalism is the future. The extreme left media has described Trump as worse than Hitler, Mussolini and Stalin...
Morgan Stanley predicts the S&P 500 will benefit from the Fed’s rate-cutting cycle, stabilizing business indicators, and policy clarity. However, given the overbought nature of U.S. equities and pending policy decisions, a linear market rally is unlikely. The spotlight will be on Trump’s fiscal tightening measures.
$Donald Trump (LIST22962.US)$ $Trump Media & Technology (DJT.US)$
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