A Market in Ludicrous Mode?

20.5 million with 14.7% unemployment

Even the most bullish of the bulls are skeptics
--Pros are in large part net neutral
--Retail driving the bias

The range is everywhere...
--All asset classes are in lockdown mode!
--Bonds
--Gold
--Index/Equities
--Dollar

Potential is explosive...
--the volatility box
--aka: the hurt locker

Bonds might be coming back to life, defining factor
--NIRP scare
--Fed balance sheet

My Primary Positions
--Net Short delta - tech, xlp, cost, csx, hd
--Long delta in energy sector - xle, xop
--Long call backspreads (hedges) - xlf, eem, tlt
--Long Iron Condors - spy

SPX Expected Move
--last week-- 106.93 (expected)
--actual move--99.09
--next week-- 79.60 (expected)
--11 out of the last 17 weeks have seen moves OUTSIDE the EM