- The Market has yet to discount +3% interest on the 10-year.
- The market is also discounting the possibility of .75% rate rise.
- The highly elevated VIX of +30 is telling us that we should expect 1% to +2% swings every day.
- All this is going to be compacted into just 3 days. We could see the S&P 500 break 4000 this week.
- Don't let the sharp selling push you to panic and sell. I believe that Powell's tough talk and rate rise will bring clarity to the market and begin to rally again. Though, I can't say that this is THE rally.
For further details see:
Get Ready For Rough Seas, Then Smoother Sailing Mid-Week; Also The Plan Of The Week