Is the Grinch Coming for your Portfolio?


—risk management out the window
—economic slowdown and forecasts (NKE, FDX)
—rate cut projections appear ridiculous
—two sided trading returns
—options markets starting to price risk

SPX Expected Move --
--last week -- 55.44 (5-day expected move)
--next week-- 57.87 (4-day expected move)

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