I’ve been a Rangers fan since moving to the Dallas area back in ’95 and couldn’t be more proud of them as a team this year. The team has been through a lot this year, including bankruptcy, and yet they continue to find a way to win.
The stock market crawled higher this week amid decent earnings and the hopes of a second shot of quantitative easing. It truly is all about the correlation between the USD and the $SPX though which currently stands at -.86. I’m expecting more wild swings in the greenback ahead of the FOMC meeting in early November and thus similar action in the equities.
Weekly options are becoming quite popular and this past week I took the opportunity to prove it to myself. It appears as though they will be my weapon of choice moving forward, at least during earnings season. Enjoy the links and your weekend!