- economic picture decaying
- lack of stimulus
- unemployment benefits dropping off
- retail sales?
- rona numbers exploding/lockdowns
- markets have decoupled from economics
What’s hold markets together —
- Russell, Financials, Energy? My take, this is a dangerous rotation based of buying losers at year end.
- Monsters of Tech? – underperforming, it’s all Tesla.
- Upper edge of EM’s all over the place!
- Vol to pick up in the coming weeks
- Trade Ideas –
INTC
IWM
VIX
SPX Expected Move
- last week – 67.39 (expected move)
- next week – 70.49
