Yesterday, fear mongers and Chicken Littles sold off the market, citing President Trump's threat to take over Greenland. As usual, his negotiating tactic worked and a framework deal regarding Greenland has been agreed upon. Everyone knows by now that Trump will make bold extreme statements to broker a deal and yet, people freak out over it and deals are struck anyway. Calmer heads prevail and this was no exception. The markets rebounded strongly today, recovering more than half of yesterday's losses.
The strong sentiment gave us a perfect entry point for a bullish vertical spread this morning. Our trade expired profitable at the closing bell for a gain of 3.1% on the day. Enjoy the rest of the week!
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