SpotGamma Report for: 04/29/2022 AM

Macro Theme: A sustained rally is unlikely to occur until May 4th which holds the FOMC & Russian default. Due to these events, volatility (i.e. large puts) is unlikely to be meaningfully sold. This prevents an extended rise in equities.A break of 4200 invokes our “lower bound” concept, valid into 5/4.We see substantial, longer-term support at […]