- Mag 7 leadership role diminished this week
- Financials continue to hold SP500 together
- FED Fund Futures are ludicrous
- positioning in a one-sided market (JPM, BA, IBM)
- heavy skew, huge volatility contango
- markets don't trust the future?
SPX Expected Move -
-last week - 46.29 (5-day expected move)
-next week - 57.36 (5-day expected move)