Traders Are Getting Tired Of Being Bearish

Option prices betting on a further 10% decline in stock market valuations are at their lows since 2017. This suggests that investors are betting that further downside movements are increasingly unlikely.

Is The Fed About To Change Direction?

Some Federal Reserve officials have made statements that suggest rate hikes early next year are less likely and that the rate of increases will be reduced to 50 or 25 basis points, pointing out that rate hikes could hurt the economy unnecessarily.