[video_player type=”youtube” youtube_remove_logo=”Y” width=”853″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″]aHR0cHM6Ly95b3V0dS5iZS9yenA3Z3docXpzMA==[/video_player]
The sector to watch right now is financials which are pricing in more risk in the next 2 days than 9 days from now. What does that mean? It could that financials are giving off the first signs of volatility coming back into the market place. The other place to look is at bonds. What we see is the implied volatility in the bonds higher than the SPX. For those of you who want a fun homework assignment you can do some think back and try to find when the last time that happened. Where do we go from here? I know it doesn’t seem like it, but this might be the most opportunistic time in the market. The calm before the storm.
