Presidential Covid-
–covid may have been the catalyst but the outcome was sell tech.
–correlation breakdown
–no diversification
–where was the rush to bonds?
Unexpected divergence-
–IWM ripped EM… in all directions!
–XLF
–XLE
–QQQ whacked and where is the vol?
Bounce and Fade is working-
–LULU
–NVDA
–IWM?
SPX Expected Move
–last week– 87.75 (expected move)
–next week– 89.70
