The market appears to be in neutral territory with no reason to continue buying (the rate cut has already been acted upon) and no reason to sell either (the rate cut has changed the prior gloomy outlook). We sold our S&P 500 Index (SPY) Calls because we didn't want to risk our entire account during such uncertainty. Our outlook remains positive though, and we will be looking to buy SPY Calls again in the future.
Account Update
- Starting Value: $100,000.00
- Current Value: $234,016.28
- Account % Gain: +134.01%
Analysis
Positions
Order Status
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