Be on Your Game, Volatility is Far from Dead

Markets – What Me Worry–
–Buy the Stimulus Rumor, Sell the Stimulus Deal ?
–Big, Bad, and Binary
–we are a tweet away from greatness or destruction

Large Daily Ranges have NOT Abated
–stay focused on your risk, wrap your deltas tight
–assumption this bounce can fade at any point

Shell Game
–Russell has led the indices
–NASDAQ comes alive
–financials and energy fade

Dollar
Metals
Bonds
VIX Vol Spreads

SPX Expected Move
–last week– 89.70 (expected move)
–next week– 71.91

Bonds Markets Closed Monday

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