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
