Market Event which could bring trading opportunities
Where does all this leave banks? Many fintechs, with their shinier apps and better risk analytics, certainly have an edge over them. But these firms are not trying to usurp lenders. This is because banking is made of two parts, says Miklós Dietz of McKinsey, a consultancy. “Core banking”—heavily regulated, capital-intensive activities such as running
TODAY: BULLS were aggressive today, maybe too aggressive. SPX is near ALL TIME HIGH. Last week confirmed that bears wanted higher prices to initiate selling and today got me thinking that maybe and why AMZN and AAPL can dominate an entire index. The banking sector is less relevant today than in 2010 and its “profits”
Wall Street futures were in the green as hopes for more fiscal aid boosted optimism. European stock markets gained on rosy earnings forecasts. Japan’s Nikkei posted its biggest weekly gain in two months. Gold jumped, as the dollar weakened and renewed negotiations for U.S. stimulus prompted investors to buy bullion as a hedge against inflation.
VIX Futures:My thinking here, with the current drop (last 24 hours), Equity puts are cheap enough to protect the down side. Market Internals:Strong the entire day CONCLUSIONSellers not interested at current prices, thus price will start a new discovery phase, of course I can not know how long it can last. Most likely NEWS will