Is the Grinch Coming for your Portfolio?

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—risk management out the window
—economic slowdown and forecasts (NKE, FDX)
—rate cut projections appear ridiculous
—two sided trading returns
—options markets starting to price risk

SPX Expected Move —
–last week — 55.44 (5-day expected move)
–next week– 57.87 (4-day expected move)

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