Near All-Time Highs and Mountain of Liquidity Risk

Fundamentally Flawed-
—Treasury ends emergency lending programs. Fed responds with disappointment.
—Renewed economic pressure with lockdowns
—unemployment benefits running out
—double dip recession risks rise

Traders Concentrate Liquidity-
—what is concentrated liquidity?
---retail sparking Algos
—Rock the boat

SPX Expected Move
--last week-- 82.39 (expected move)
--next week-- 67.39

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