Disclaimer
This is for informational purposes only.
Discussion
Trade: Added back the SPY October $400 puts sold yesterday for risk management purposes at a slightly lower price than sold for.
HY CDX continues to negatively diverge in a material way, VVIX remains high-ish and sticky, XLU continues to do its ‘sneaky strength’ thing, I got what I was looking for from Waller and rates confirm today, and the Soft Landing narrative is running WAY too hot this early in the game.
It’s gut check time for the bulls before a move to probably ATHs before all is said and done.