The Fed has done it again: raised their interest rates for the 9th time on March 22, 2023, by 25 basis points. This brings the fed fund rate to 4.75%-5%. However, this move sent mixed signals to investors after the banking turmoil resulting from the collapse of Silvergate Capital, Silicon Valley Bank, Signature Bank, and …
Study Shows 186 Banks Are On The Brink Of Failure Read More »
The US stock market ended in the red last week with the collapse of Silicon Valley Bank and Silvergate Capital. The Financial sector took a big hit ending with a -8.5%, with the Materials sector going second at -7.64%. S&P500 gave back its gains for the year and ended with a YTD return of 0.58%. …
Yesterday was a big day in the markets with major indexes dropping through support and suffering large losses. Option volume went through the roof, as it usually does on volatile days like that. Let’s look at some notable option activity from yesterday. The most notable stock was Smile Direct Club (SDC) which saw option volume …
Notable Option Activity From Monday September 20th Read More »
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