S&P 500 looking resilient but for how much longer? - OptionsDesk
London, UK
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August 08, 2023 03:17 AM Eastern Daylight Time
OptionsDesk broker Alex Mitchell speaks to Thomas Warner from Proactive at the beginning of a week that he suggest will likely be dominated by the release on Thursday of the latest Consumer Price Index data from the US Bureau of Labor Statistics. Mitchell explains that the data will be significant because it will reveal more about how successful the Federal Reserve's efforts to bring inflation back to 2% are being. He goes on to highlight a successful options trade from the release of US tech giant Apple's earning last week, which yielding a substantial return amid lower iPhone sales. He also speaks about the potential benefit of putting spreads on broader portfolios as a protection strategy, given the uncertainties surrounding the markets at the moment.
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