It has been some strange markets recently. I guess that is what happens when we focus on an election.
Despite lots of unease from the election results and future uncertainty, VIX dropped further than expected. We closed out of this trade to reduce the loss as much as possible.
Today’s Friday Market Wrap Up covers the reason behind the market’s Wednesday/Thursday pullback and today’s relief rally.
As we leave Q4 earnings season and approach all-time highs, the market is searching for direction. and with what’s on the horizon for march – sequester and budget fight – the market is due for a serious pullback and return of volatility.
In today’s Monday Market Outlook, WCI