Rotations, Risk, and Reality Lost

Volatility Compression
—explosive moves, lower implied volatility

Monsters of Tech— buying opportunity of the beginning of the end?

IWM all-time highs— I’m long but risk/reward says get out now!

XLF above 26.50

XLE— is energy on the road to recovery?

CAT all-time highs– buy the vol!

SPX Expected Move
–last week– 91.54 (expected move)
–next week– 82.39

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