$SPX $NDX Been my mental model for how July through August plays out over the past week. Cor1m, cor3m just drilling to new record lows… Still think this ends with spot up vol up in the short term, but bigger picture this broadening out of the market likely ends the same way they typically do (whic
The author discusses market correlation and volatility dynamics for SPX and NDX, suggesting short-term upside but cautioning about typical broadening patterns.
$SPX $NDX Been my mental model for how July through August plays out over the past week. Cor1m, cor3m just drilling to new record lows… Still think this ends with spot up vol up in the short term, but bigger picture this broadening out of the market likely ends the same way they typically do (whic
Been pounding the table that 1H July was not the time to short the index. But we’re beginning to transition out of this window with opex this upcoming Friday and vixpiry the following Tuesday. To me, and building off my first post in this thread, earnings are just a reason people are using to not b