Daily Note: Volatility arrives as exuberant markets add +1.4% SPX, +2.3% QQQ and only 0.4% for IWM. SPX options volume was heavy at 1.4mm contracts and a 1.39PC ratio. Markets did break through the 3850 call wall initially, only to be drawn back in right at the close. The VIX lost 1.6pts or -7%, but […]
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