Market Divergences Grow at Alarming Levels

SP500 upper end of range, breakout or breakdown...
no matter! Backspread!

5 firms and the fate of the markets

Comparison - divergence grows to alarming levels, when in market history has concentrated risk been a good thing?

Earnings are great, unless your living in the (real) non-tech world.
CAT
Energy
Financials
RUT Roo

Gold, Bonds, a rally of everything or defensive posturing?

Retail opportunities? XLP

VIX Trades

SPX Expected Move
--last week-- 74.44 (expected move)
--next week-- 71.48
No touching for 3 weeks!

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1 Comment

  • Tony DiTo

    August 1, 2020

    Don, why is it so amazing to you that we are having inside expected moves? I thought expected move was one std deviation move! Meaning that it should stay INSIDE the expected move 68% of the time. I actually thought all those breaches of expected moves were the outliers! We have been long overdue for inside moves. Do I have this all wrong ?