R Option and R Option Mini are long. Earnings are the single best determinate of long-term performance of stocks. Earnings season is in full swing. So far, over all earnings are better than expected. Earnings reported so far this morning are especially strong. R Lima is now flat.
Impressive earnings helped stocks rise, with the Nasdaq closing at a record. Oil ended slightly lower in a seesaw trading session with rising U.S. production weighing against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely. The euro recovered against the dollar ahead of the first round of the
Today the SPX ended negative. However, U.S. private sector job growth recorded its biggest increase in more than a year in February amid a surge in construction and factory hiring, suggesting the economy remains on solid ground despite an apparent further slowdown in the first quarter. R OPTION AND R OPTION MINI Some of you