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
The Nasdaq rose, powered by a spate of strong earnings from technology companies, while the S&P 500 and the Dow were little changed. The euro dipped against the dollar after European Central Bank Chief Mario Draghi stressed on the barriers the ECB still faces before it could tighten its monetary policy. Treasuries rose in the
SPX made new fresh all time high and NDX did not yet. In 1990, the largest U.S. companies, General Motors (GM), Ford (F) and ExxonMobil (XOM) earned $11.55 billion and had a combined 799,000 employees. Today’s biggest, Apple(AAPL), Alphabet (GOOGL) and Microsoft (MSFT) have profits of $80.9 billion and employ just 279,000 people.
ALPHABET: The search giant is expected to report its seventh straight quarter of double-digit revenue growth, according to Thomson Reuters I/B/E/S. Investor focus will continue to be on Google’s ability to generate strong advertising revenue growth. Google has recently introduced a number of ad initiatives, such as expanded text ads and map ads, as it
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