It didn’t receive much in the way of attention, but last week the U.S. Securities and Exchange Commission (SEC) announced its intention to end the pilot program testing five-cent bid/ask spreads. The program mandated minimum quotations and trading increments for stocks of certain smaller companies. It was originally scheduled to expire on October 2, 2018….
Optimism about the six-month direction of stock prices is at a five-week high in the latest AAII Sentiment Survey. Neutral sentiment fell and pessimism is slightly lower. Bullish sentiment, expectations that stock prices will rise over the next six months, jumped 4.3 percentage points to 35.6%. Optimism was last higher on July 13, 2016 (36.9%)….