Will Markets Hold it Together Till Year End?

• economic picture decaying
• lack of stimulus
• unemployment benefits dropping off
• retail sales?
• rona numbers exploding/lockdowns
• markets have decoupled from economics

What’s hold markets together —

• Russell, Financials, Energy? My take, this is a dangerous rotation based of buying losers at year end.
• Monsters of Tech? – underperforming, it’s all Tesla.
• Upper edge of EM’s all over the place!
• Vol to pick up in the coming weeks
• Trade Ideas –
  INTC
  IWM
  VIX

SPX Expected Move

• last week – 67.39 (expected move)
• next week – 70.49