27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
In a report released on Sunday, economists at Goldman Sachs Group Inc (NYSE:GS) say they expect a slower pace of growth for the U.S. economy due to a slower than anticipated recovery in consumer spending.
What Happened: The report issued by a Goldman team, led by Jan Hatzius, says the bank is now expecting a growth rate of 5.6% on an annual basis in 2021 and 4% for next year. The previous estimate was 5.7% for this year, and 4% for 2022, according to a Bloomberg report.
“After updating our estimates of the key growth impulses that drive our consumption forecast—reopening, fiscal stimulus, pent-up savings, and wealth effects—and incorporating a longer-lasting virus drag on virus-sensitive consumer services spending, we now expect a more delayed recovery in consumer spending,” the economists said.
See Also: US Economy Adds Just 194,000 Jobs In September: Experts React To Second Straight Major Miss
The report indicates the two main challenges to growth in the medium-term are a slowing of fiscal support and the need for spending on services to make up for a decline in the purchases of goods.
Goldman economists also point to the ongoing computer chip shortage, saying they assume the issue won’t be resolved until the second half of next year. They say the continued inventory shortage will likely lead to “a less front-loaded recovery from here than we had expected.”
Related Link: Why This Analyst Is Raising Big Bank Price Targets Ahead Of Q3 Earnings
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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