Market Risk Factors--
-bank earnings excellent, will tech and retail fair as well? (supply chain)
-oil and energy pricing at extremes
-bonds/rates continue to be threatening factor
-FED tapering is coming
-dollar backs off nominally
-massive volatility crush but only in the near term!
-SKEW coming back
Trading --
-buy volatility when you can!
-long is not wrong but use spreads
-volatility crush will not kill options premium selling as skew comes back into play
SPX Expected Move
--last week-- 80.10 (expected move)
--next week-- 61.46