Market Update–
–FED triggers market vol
–Financials Crushed
–Dollar Bid is likely a fear trade, metals suffer
–Bond Bid causes confusion- reflation trade dead
–Correlation consistent?
Volatility Shock?
–VIX reacts mildly
–Vol futures not inverted
–VVIX
–prolonged vol
SKEW Flyin’
–highest recorded SKEW
–OTM index puts
–Xmas tree/ratio skew trades in play
SPX Expected Move
–last week– 59.33 (expected move)
–next week– 90.48
