Good Morning Everyone!
Remember, the S&P has gained on every FED Day since tightening began:
3/16: +2.24%
5/4: +2.99%
6/15: +1.46%
7/27: +2.62%
Will the trend continue today?
A whale with a lot of money to spend has taken a noticeably bearish stance on Dow.
Looking at options history for Dow (NYSE:DOW) we detected 18 strange trades.
Jefferies cut the price target on Dow Inc. (NYSE: DOW) from $71 to $45. Jefferies analyst Laurence Alexander also downgraded the stock from Buy to Hold. Dow shares fell 0.8% to $50.55 in pre-market trading.