-Fed hikes and markets rally
-This is NOT a retail rally
-Two-sided trade ?
-Low volume / limited liquidity - XLE & XLF
-NASDAQ rebalance had no material impact
-Correlation makes a brief appearance
-Earnings on deck AAPL, AMZN
-Will bonds/rates threaten the rally?
SPX Expected Move--
- last week - 61.59 (expected move 5 day week)
- next week - 54.13 (expected move 5 day week)