Will Fragile Markets Fold Under FED Taper Talk?
Market Breakdown––All time high to breakdown and back–Intraday Ranges/Realized vol explodes–Bonds on the back burner–Call volume explodes as retail fights back–Oil indicative of the economy to come?–Dollar on the verge of breakout–China Big Price Action––financials–energy–tech holding it together–MSFT, NVDA — gamma gone wild FED––loud and clear, we have taper talk–Jackson Hole SPX weekly EM vs one day movement SPX Expected Move–last week EM– 49.97–next week– 67.73 expected move