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Headwinds continue to accumulate:
–Holding on the edge of Expected Move
–Dollar breaks out
–Bonds are breaking apart (data dependent)
–Forget yield curve inversion, rates are soaring!
–Lack of correlation
–Playing the sector rotation game
Position Updates:
–Selling premium
–Long Dollar
–XLU
–SLV
SPX Expected Move
–last week– 74.83 (expected move)
–next week– 76.70 (expected move)