Complacency, Inflation, and Time for a Hedge

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—Inflation in-line but not dead
—anemic volume at the end of the quarter
—NVDA and tech squeeze full stop
—XLK under performs INTC, AAPL, TSLA
—correlation higher
—financials and energy
—watching retail
—time to hedge

SPX Expected Move —
–last week — 54.11 (4–day expected move)
–next week– 62.52 (5–day expected move)