Dec

23

Given that the S&P is up big with approximately 7 days remaining and 2 that S&P has been up 10 of last 12 days, both events can be independently quantified with very positive expectations until end of year.

Gary Phillips writes: 

Difficult to argue against that kind of momentum. I would expect to see dealers come in buying tomorrow a.m., to hedge their deltas on options positions, rolled up-in-strike and out-in-time. But I also see a possible bearish divergence in Ralph's most-watched SVXY and an uptick in implied correlations.


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