Jobs, Fed, and a Market of Denial?
Market Update––All-time high, what is the driving force?–Feds message to the markets on equity valuations–Jobs number – if you are going to miss, miss BIG!–Bonds grapple with inflation or a slowing economic recovery? Fractured markets-–Tech–Bonds–Russell–SP500–Financials–Energy Bullish Gamma Squeeze ahead? —–break lower early in the week or we explode higher!— hold your allocations and close shorts if need be.. –VIX hedges? Crypto––Bitcoin moved on the jobs number, so much for autonomy–CME fees wrecked traders hopes in Micro Bitcoin SPX Expected Move–last week– 67.13 (expected move)–next week– 61.35