When the Bonds Break
Markets Stagnate, volatility subsidesa) good week to be positive thetab) volatility contracts to near lowest point since onset of covidc) vol of vol on the rise – VVIX Inverted Skew Becomes the Norm in Equities— AMZN, TSLA— debit call spreads helped by skew – NVDA— put spreads trade LOW relative to call spreads in index products Bond Selling Continues… is this the breaking point?–rise in rates to dramatic?–Financials hold the key SPX Expected Move–last week– 63.34 (expected move)–next week– 57.45 (4 day trading week)