Market Risk Factors–
-bank earnings excellent, will tech and retail fair as well? (supply chain)
-oil and energy pricing at extremes
-bonds/rates continue to be threatening factor
-FED tapering is coming
-dollar backs off nominally
-massive volatility crush but only in the near term!
-SKEW coming back
Trading —
-buy volatility when you can!
-long is not wrong but use spreads
-volatility crush will not kill options premium selling as skew comes back into play
SPX Expected Move
–last week– 80.10 (expected move)
–next week– 61.46
