The all-important Federal Open Market Committee meeting is scheduled for the week, and the futures market is factoring in a 100% chance of a rate cut, although expectation regarding the magnitude of the cut varies. A prominent trader on Sunday said the week could see bouts of volatility.
Volatility Followed By Bearishness:The implied move of the S&P 500 Index this week would be +/- 96 points, said a trader whose X handle goes by the name @TradingThomas3. The implied move of an index is the expected price movement of the index over a period of time, usually until the end of the...
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