Hughes Optioneering Weekly Update

Catch the lastest update from Blane Markham at the Hughes Optioneering team:

• The week was packed with big news and events, especially the Fed meeting everyone was waiting for. The Fed finally cut rates, which the market expected, so no surprises there.

• Major tech companies reported earnings—most did really well, with strong numbers. Apple and Amazon especially had great reports and their stocks jumped after hours.

• The S&P 500 had a wild ride, shooting up for several days, then cooling off a bit. That’s normal after a big run—things got a little too “hot,” so a pullback was expected. The market’s still in a healthy uptrend, with the long-term signals looking good.

• There was a lot of rotation in the market: money moved out of big tech and into areas like financials, healthcare, industrials, and real estate. Even though the main index was down, other parts of the market did well.

• We highlighted a trade on GLW (Corning Inc.), which makes glass for iPhones and fiber optics for AI data centers. The stock’s been trending up, and their call option recommendation is up over 33% in just a week. They’re still holding the position and think it has more room to run.

• Overall, the market’s looking strong heading into the end of the year. The recent pullback is healthy, and the uptrend is still intact.

In short: Big week, lots of action, tech did well, market cooled off a bit (which is good!), and their featured trade is doing great. Watch more below…

Have a great weekend,

Blane Markham