VIX Ratio Hits Extreme Ahead of Fed

Trump criticized China for going back on a promise to purchase more American agricultural products

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7/30/2019
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Trump Tweets Overshadow Blue-Chip Earnings

By Lillian Currens

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New comments from President Donald Trump concerning trade talks between the U.S. and China are firmly in the spotlight today, and Dow Jones Industrial Average (DJI) futures are suffering as a result. Trump, in a series of tweets this morning, said the Asian country has not made good on its promise to purchase American agricultural products, adding that "China is doing very badly." In addition, Trump said that if he wins another term, "the deal that they get will be much tougher than what we are negotiating now... or no deal at all."

Renewed anxieties over trade are overshadowing earnings beats from blue chips Procter & Gamble (PG) and Merck (MRK), with the former stock pacing for a record high. Elsewhere, Wall Street is eyeing tomorrow's highly anticipated Fed decision, with the central bank widely expected to cut interest rates. 

Continue reading for more on today's market, including: 

  • The VIX options ratio at an extreme ahead of the Fed meeting, per Schaeffer's Senior V.P. of Research Todd Salamone. 
  • Don't sweat this software stock's pivot lower.
  • Goldman Sachs: Sell these 2 restaurant stocks. 
  • Plus, Capitol One confesses to a data breach; Beyond Meat stumbles on a surprise stock offering; and Newell Brands names a CEO. 
>> Continue reading...
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