The S&P 500 ended the day fairly flat but slightly positive after Dell, Inc (DELL) reported higher than expected earnings. Along with the durable goods report, released earlier this week, the news is still pretty good for consumers and manufacturers.
The S&P 500 (SPX) was up 2.86 points or .28% at 1,030.98
News from the housing market this week has been very supportive for the current economic recovery and the S&P 500 in general. However, the divergence of falling bond yields (usually bond yields and stocks go the same direction) has many traders worried about volatility.
Ultimately it seems there are more reasons to be bullish than bearish in the current market environment but adequate risk coverage is needed. Traders often turn to buy-writes, covered calls and short puts in these situations to reduce that risk.
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