Fast Money Blog- 10/8/21

This week the U.S. stock market danced to the tune set by U.S. politicians. Congress was able to strike a bargain that raised the debt ceiling into early December, just two short months away. However, there have been no advances towards an agreement on President Biden’s Infrastructure Bill.

Because of the continued political infighting, I expect to see high volatility continue over the next 2 weeks.

That said, stocks like Apple Inc. (AAPL), The Home Depot, Inc. (HD) and Microsoft Corporation (MSFT) basically stayed range bound.

In this market my two favorite stocks for covered call writing are Advanced Micro Devices, Inc. (AMD) and Nike, Inc. (NKE).

Stay patient. Stay smart.

Tyrone Jackson

The Wealthy Investor