Market's giving us green after a rate hike — the real question is whether it lasts.
Bond yields pulling back, oil down 2% on reports China's working with Iran to dial down tensions. That's the headline relief trade.
Quad-witching hits tomorrow — one of four days a year when stock options, index options, index futures, and single-stock futures all expire simultaneously. Expect some weird flow and volatility spikes as dealers rebalance gamma.
But the underlying question hasn't changed: is the Fed actually gearing up for a sustained hiking cycle, or is this just one-and-done posturing? Market's still trying to price that out. Watch how we hold these levels through expiry and into next week — that'll tell you if this relief has legs or if we're just setting up for another leg lower.
Bond yields pulling back, oil down 2% on reports China's working with Iran to dial down tensions. That's the headline relief trade.
Quad-witching hits tomorrow — one of four days a year when stock options, index options, index futures, and single-stock futures all expire simultaneously. Expect some weird flow and volatility spikes as dealers rebalance gamma.
But the underlying question hasn't changed: is the Fed actually gearing up for a sustained hiking cycle, or is this just one-and-done posturing? Market's still trying to price that out. Watch how we hold these levels through expiry and into next week — that'll tell you if this relief has legs or if we're just setting up for another leg lower.
