Reported 5 days ago
Options traders are reversing bullish positions on U.S. stocks due to concerns about slower interest rate cuts. Following the initial post-presidential election rally, attention has returned to economic fundamentals, leading to a 2.1% decline in the S&P 500 Index last week. As uncertainty grows, traders are reducing exposure to big tech stocks and moving towards biotech and consumer staples, influenced by Trump's new policies and recent cabinet appointments.
Source: YAHOO