What a week! We wrapped things up with the S&P 500 gaining over 2% and closing at an all-time high—614.91. The VIX dropped to around 16, signaling very little market anxiety. Technically, we’ve got strength all around: RSI still not overbought, implied volatility easing and a potential Golden Cross forming on the SPY (just needs about 2 more strong sessions).
Fundamentally? Well, inflation came in just a tad hotter than expected. That’s not ideal. Prices are still rising—just a bit faster than anticipated.
This weekend, all eyes turn to the potential passage of the “big beautiful bill.” If it passes, we could see markets push higher—but at the risk of more inflation. If it doesn’t? Expect a possible pullback.
As always, weekends are prime time to do your homework. Research, review charts, check your covered call candidates and cash-secured put opportunities. Enjoy it—and be ready for Monday.
#OptionsEducation #MarketUpdate #SP500 #WealthBuildingWithOptions
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