The first support level of "Trump put options"
The overnight S&P index rebounded after falling below 5783 points, which is the closing point on last year's U.S. election day. Bank of America analyst Hartnett believes, "This is the first strike price for the 'Trump put option.' Once it falls below this price, headlines about 'the stock market falling under Trump’s leadership' will start to appear. After falling below this price, investors holding risk assets will be very eager and need policymakers to provide some verbal support for the market."
The overnight S&P index rebounded after falling below 5783 points, which is the closing point from last year's U.S. election day.
Bank of America analyst Hartnett believes: "This is the first strike price for the 'Trump put option.' Once it falls below this price, headlines about 'the stock market falling under Trump' will start to appear. After falling below this price, investors holding risk assets will be very eager and need policymakers to provide some verbal support for the market."
