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Thursday, September 19, 2019 1:46:55 PM
Auto Emission News
Trump blocks California auto emission rules
By ALEX GUILLÉN
Updated 09/19/2019 09:34 AM EDT
President Donald Trump said on Wednesday he was revoking California's power to enforce more stringent limits on vehicle carbon pollution than the federal government, sparking a battle with the state that has led a revolt against the Environmental Protection Agency's rollbacks of dozens of environmental regulations.
https://www.politico.com/story/2019/09/17/epa-california-obama-waiver-1500336
Whelp, theirs goes 29 years of auto emissions innovation !
Also tomorrow is a Quad-Witch day
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Quadruple Witching
What it is:
Quadruple witching refers to the third Friday of every March, June, September and December. On these days, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility.
How it works/Example:
Although futures and options generally share simultaneous expirations on the third Friday of every month, quadruple witching days only occur four times a year. The last hour of these trading days, from 3:00 to 4:00 p.m. EST, is referred to as the quadruple witching hour.
On quadruple witching days, and especially during quadruple witching hours, many investors attempt to unwind their futures and options positions before the contracts expire. This activity frequently includes repurchasing contracts and closing out position market capitalizations.
Why it matters:
Quadruple witching days are usually accompanied by considerable volatility in stock and derivative prices, as well as increased trading volume. As a result, investors can anticipate and plan for the potential effects of these relatively turbulent trading days.
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Palladium bolting today in prep for tomorrows Quad witch.
https://finviz.com/futures_charts.ashx?p=d1&t=PA
Trump blocks California auto emission rules
By ALEX GUILLÉN
Updated 09/19/2019 09:34 AM EDT
President Donald Trump said on Wednesday he was revoking California's power to enforce more stringent limits on vehicle carbon pollution than the federal government, sparking a battle with the state that has led a revolt against the Environmental Protection Agency's rollbacks of dozens of environmental regulations.
https://www.politico.com/story/2019/09/17/epa-california-obama-waiver-1500336
Whelp, theirs goes 29 years of auto emissions innovation !
Also tomorrow is a Quad-Witch day
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Quadruple Witching
What it is:
Quadruple witching refers to the third Friday of every March, June, September and December. On these days, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility.
How it works/Example:
Although futures and options generally share simultaneous expirations on the third Friday of every month, quadruple witching days only occur four times a year. The last hour of these trading days, from 3:00 to 4:00 p.m. EST, is referred to as the quadruple witching hour.
On quadruple witching days, and especially during quadruple witching hours, many investors attempt to unwind their futures and options positions before the contracts expire. This activity frequently includes repurchasing contracts and closing out position market capitalizations.
Why it matters:
Quadruple witching days are usually accompanied by considerable volatility in stock and derivative prices, as well as increased trading volume. As a result, investors can anticipate and plan for the potential effects of these relatively turbulent trading days.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Palladium bolting today in prep for tomorrows Quad witch.
https://finviz.com/futures_charts.ashx?p=d1&t=PA
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