Welcome to Christmas Week, everyone, as the shortened trading week begins.
Well, following the preposterous lifetime high established by the ES only a few trading goes ago, the equity markets have continued to weaken, prompted most recently, and ostensibly, by the (thankful) failure of the idiotic Waste More Money program that the Feds were going to launch. It’s pretty sad when the biggest achievement of the government is when they DON’T do something.
In turn, volatility is starting to heat up nicely. Congratulations to fellow Sloper The Director for his long position in VX!
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