The markets are quiet to start the week. It’s almost like nothing is happening on Wall Street…
And while nothing has happened yet, this week still promises to be a busy one.
We have the debt ceiling debate dragging on, which is making investors nervous.
And while politicians will likely drag things out to the 11th hour, I believe we’ll see a resolution come to pass, just as we always do.
We also have one of the most important pieces of economic data, the GDP, due out on Thursday.
This will give investors and the Federal Reserve key information about the state of the economy as the Fed decides whether or not to raise rates at its next meeting… As will earnings reports from some of the country’s biggest retailers, like Lowe’s and Costco.
All this data promises to shake things up as the week progresses. And you know what that means — volatility. Which is why I’ll spend this week watching the options activity. Because no matter what happens, there’s money to be made in being a seller.
But there’s another strategy that’s also come to my attention lately…
Fellow trader Jeffry Turnmire has discovered a way to tap into the potential gains of crypto without touching a single risky token…
Trade well,
Jack Carter
Jack Carter Trading
