Market Update--
--Rates are outa control!
--rising rates will break markets
--bond volatility exceeding VIX
--why is VIX dead with risk bearing down?
--another week another edge of expected move
Positioning--
--selling premium, tread lightly, imp vol feels low
--sell whats strong and let correlation grip hold
SPX Expected Move--
--last week-- 76.70 (expected move)
--next week-- 98.06 (expected move)