Risk has Enveloped the Markets--
--Dollar breaks-out
--Bonds have become a double edge sword
--where's the implied volatility spike?
--SKEW softens
--front month premium low relative to movement
--dynamics of professional trade in volatility
Sector Analysis-
--monsters of tech underperform
--financials feel impacts of rate changes
--energy is the gainer but that may change
--focus shifts to retail TGT, WMT, COST
SPX Expected Move--
--last week EM-- 70.69
--next week-- 89.00 expected move