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This week, the S&P 500 has been hugging the upper edge of its expected move with precision, and next week’s $72 expected move in 3.5 trading days is aggressive for a holiday week.
Meanwhile, tech is lagging—Microsoft is flat, and Apple, Amazon, and Google aren’t driving the market. Instead, financials and energy are stealing the spotlight, with strong moves I’m positioned to capture.
Even more concerning, there’s been odd action in S&P 500 futures that I suspect is tied to bond market pressure, while a rallying dollar and Bitcoin excess weigh on emerging markets.
Complacency is creeping in as the Santa Claus rally approaches. Don’t get caught off guard.
Watch my latest video for the full breakdown and my top trades.
