Did Bonds Hit the Point of No Return?

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– price action in the SP500 is a vol slopfest!
– inside the vol box 3600 to 3800
– correlations remain incredibly high (sign of vol)
– vix still holding the 30 handle w/ backwardation
– volatility is alive 3641 to infinity and beyond
– bonds have collapsed, capitulation?
– implications of spiking yields, buybacks, consumer credit, housing markets
– currency volatility
– its earnings GO TIME!

SPX Expected Move-
-last week – 120.23 (expected move)
-next week – 113.92 (expected move)

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