Daily Stock Discussion for Wednesday October 28th

Futures are in free fall as COVID cases rise among a majority of states. The US government could not pass a stimulus package to help the economy. Yesterday, there was a tough fight between the bears/bulls finishing slightly lower. I’ve been bearish for some time and that’s cost me as this market is fueled on hopes and FED money. The FED will be printing like crazy trying to prop the markets up. Just think how much tax payer money is being funneled into the markets...

SPY

VIX

QQQ

Headlines

• Deutsche Bank swings back to profit in third quarter, beats expectations
• European stocks drop and Dow futures slide 400 points as rising COVID-19 cases set to trigger more restrictions
• Glass Half Full? Record U.S. GDP Growth Will Mask A Deeply Hurting Economy
• More than half of US states reported their highest day of coronavirus cases this month

My Trades

• 12 10/30 SPY puts @1.91

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