12.85Open13.57Pre Close1 Volume18 Open Interest591.00Strike Price1.29KTurnover0.00%IV-0.02%PremiumDec 18, 2024Expiry Date12.95Intrinsic Value100Multiplier0DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma46.84Leverage Ratio--Theta--Rho--Eff Leverage--Vega
SPDR S&P 500 ETF Stock Discussion
Best of luck Cool Cats, and God bless!
Why the sudden drop though? Does someone know?
There is currently a more than 95% chance of the Fed cutting rates by 25 basis points.
If this materialises, it will be the Fed's 3rd rate cut of the year (a total of 100 bps)
But, the war against inflation isn’t over yet. All 3 inflation indicators, CPI, PPI, and PCE, are rising again.
The Fed has to tread carefully in 2025.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Visa (V.US)$ $MasterCard (MA.US)$ $Adobe (ADBE.US)$ $Palantir (PLTR.US)$ $Super Micro Computer (SMCI.US)$
expect it to shoot up before fomc and after till end of trading day. ending DOW losing streak too. I see green today 1% hopefully
$SPDR S&P 500 ETF (SPY.US)$
The averages offer another decision point
The losses are likely due to a rotation of money into the technology industry. The breadth for this rally is contracting again
Investors might start to realize that not all stocks will go up under Trump presidency. Sometimes the winners will keep winner, while the losers’ weakness might continue.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Trump Media & Technology (DJT.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Advanced Micro Devices (AMD.US)$
$SPDR S&P 500 ETF (SPY.US)$
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