Equities: Another fairly boring day for stocks. They opened lower then pared losses to finish the day slightly up. No real drivers of the market today. Looking ahead to the week, we have the Fed rate decision, although no movement is expected, so the impact of it will probably be muted.
Currencies: The Dollar rose against both the Euro and the Pound. Euro fell due to ministerial disagreements over Greece, and the Pound fell due to concerns over UK economy and prospects for a hung parliament. Nothing new here, just a continuation of a trend already in place. Some chatter on Moody's warning on the potential downgrade of US & UK AAA credit ratings, although nothing enough to move the markets. The Yen was pretty unchanged versus the Dollar.
Commodities: Oil fell sharply today. Sold off my put, taking a massive loss on it, however I didn't feel it would cross the strike in any significant way over the next two days so might as well pocket whatever remaining time value was left. Lesson learned: Don't make a long term bet on oil on a one month option. Gold rose today, as risk aversion today increased demand for the safe haven asset.
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