Waiting Is the Hardest Part

October 8, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The market has been compressing near a new all-time high and it is waiting for a catalyst.

PRE-OPEN MARKET COMMENTS - There isn't much news and the calendar is light this week. Earnings season will kick off and banks will announce towards the end of the week. People have jobs so credit defaults should be low and profits should be inline. Banks don't typically move much, but we need them to hold current levels. The market bid is typically good as we head into earnings season.

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