R Option QQQ positions will experience a nice push because of the drastic drop on implied vol. Both AMZN and GOOGL contributed to R Option performance. GDP came at 3% vs. 2.6% consensus. Both consumer and business contributed by strong spending. And #GOLD, priced in dollars is under pressure. Cutting some short exposure here
GOLD traded higher and Equities market around the world priced in his words. GOLD futures printed 1282 Technically on the SP500 futures, we are back inside of the range (see chart) after the strong push higher yesterday. Bears pushed the US Indexes negative on the day; today we are still trading lower than yesterday’s low.