Should I Buy the Dip or Sell this Rip?

Market Update
--inflation fears
--a week of volatility
--VVIX goes ballistic but vol NEVER flipped!
--back in the vol box
--is the vol spike over

Sector Rotations are OVER!
--correlation grips hold
--a definitive shift has taken place from rotations
--all asset classes are moving in unison
--sector expected moves

Stock Chop!
WFC, C, BAC
HD, LOW
INTC

Markets Moving Forward--
--fed is not likely supporting equity markets
--inflation fears will continue to resurface
--bond range has been too quiet

SPX Expected Move
--last week-- 61.35  (expected move)
--next week-- 78.76

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1 Comment

  • Jovi Pedro

    May 16, 2021

    Don,
    Incredibly informative!
    Thank you for all you do!

    Respectfully Jovi