That Was the Week ending Sept 01- Boom!(Nearly)

FTSE – Tightish  Range.( up 62 down 100 ) Daily Volatility up from  10.89-11.18

The week’s action was crazy for a few minutes, due to fireworks of a North Korean variety.

FTSE cash index  –  open 7398 close 7438 high 7460 low 7298  Last week  ( open 7324  close 73401 high 7439 low 7296)

FTSE volatility-   open 10.89 close 11.18   (last week open 12.85 close 10.89 )

What Trades Would Have Done well

The Kim trade- Combo! trade 45 smashed it 0-30 in a few minutes. You know the trade by now- sell a call, buy a put,  drink beer.

Market Volatility

From  13.27 to 9.49     ( last week9.82 to 14.07)   Options volatility was feeble in light of the potential apocalypse.But, remember this: August and September are the only two months to average a stock decline since 1980, according to LPL Financial.(quote from CNN)

News

The Trump circus produces more crazy stuff, oh come on! Stockmarket up for 5 straight months, he Tweets- yes Donald. But here’s the thing-governments don’t make markets they break markets. Politicians must never ever take credit for the economy as they have next to nothing to do with improving  it. 2008 may be just a glitch, but credit is even crazier now than it was then. Almost nobody’s paying attention. https://www.theguardian.com/business/2017/aug/30/credit-card-lenders-debt-citizens-advice

Summary

Aside from Tuesday’s drop-(why was it only FTSE that got spooked?) Another ‘nothing’ week. Non farm payrolls did little though US unemployment is up to 4.4%. You can take that with a pinch of salt, and then some. Expect more of the same but watch for political shenanigans intra- day