Despite a hawkish Fed rattling equities midweek, the market easily and quickly retraced any lost ground by Thursday. With June OPEX now behind us and implied volatility reset toward recent lows, there is a soft feeling of “what’s next?” for the S&P 500 until earnings season ramps up next month. The June FOMC meeting on […]
Kevin Warsh Fed
Triple Witching + FOMC Fuels Volatility Risk
The market delivered several volatile sessions last week as traders navigated Wednesday’s CPI inflation report, Friday’s massive SpaceX IPO (SPCX), and a mix of Iran-driven headlines throughout. Last Sunday, we wrote about how extreme options positioning into major catalysts could spark the exact volatile market behavior observed over the past several days. Tuesday’s wild 200-point […]