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Market Update–
–Rates are outa control!
–rising rates will break markets
–bond volatility exceeding VIX
–why is VIX dead with risk bearing down?
–another week another edge of expected move
Positioning–
–selling premium, tread lightly, imp vol feels low
–sell whats strong and let correlation grip hold
SPX Expected Move–
–last week– 76.70 (expected move)
–next week– 98.06 (expected move)