Markets-
–Highs to lows and back again!
–Two sided market action!
–Bond volatility
–Nasdaq gets downright squirrelly
Credit markets have severe issues
—repo troubles resurface
—swap volatility flyin’
The Tesla Effect
—run from the ARKK!
—XLY
Reversing the rotation-
—Financials are ready to feel the wrath of bonds!
—Energy likely going down with banks
Will volatility subside?
—Correlation to the downside still elusive
—dollar rallying
—bonds and rates
SPX Expected Move
–last week EM– 124.68
–next week– 99.57 expected move
