Volatility Perplexes the Markets
Where’s the vol pump?–No aggression in the selling…–bottom? we ain’t home yet, according to vol we have not left the station.–you need to feel the fear Risk Assets continue to stagnate–Bonds–utilities–gold–dollar Monsters of Tech!7.7*AAPL+.3*AMZN+3.4*FB+.63*GOOGL+4.4*MSFT reiterating last weeks warning…–do not buy the dip! Election risk fades in Nov and builds in Dec and Jan Position UpdatesLULU !!XHBXLP SPX Expected Move–last week– 99.75 (expected move)–next week– 83.11