Index and Sector Updates–
–finished the week higher
–volatility structure – leaves us in limbo
–Bond buyers
–Dollar hedge
–hedge that shifted the markets
–Assessment-markets priced in Ukrainian conflict
Pricing Pressure Moving Forward–
–Hawkish FED tone
–more inflationary data
–hedges largely removed
–financials vulnerable
SPX Expected Move —
–last week — 121.28 (four day trading week)
–next week– 126.21 (expected move)
