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Daily Option Trading Commentary

Senate Will Try To Vote On Tax Cut Dec 1 - Bid Will Be Strong Until ThenĀ 

November 22
Posted 9:30 AM ET - Yesterday the market made a clean break to a new high. We are seeing follow-through this morning and the path of least resistance points higher. Trading volume will be very light. Senate Republicans should be very motivated to get the tax deal done before the Alabama elections. If they lose a Senate seat tax cuts may not happen. I'm hearing rumors that the Senate will vote on December 1. Yellen said that inflation is low and that is dovish. This will calm nerves ahead of the rate hike in December and the transition to Powell.…
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