“As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It’s like crime without punishment or sex without sin.” – Ron Chernow
We’ll stick with our call that the bulk of the Friday bottom and ramp into Quad-Witching was going to be done by close of business yesterday. Naturally, this could continue to ramp but our base-case is that there is little edge chasing this after this +5% squeeze. EYES on how we trade around this 78.6% level on the NQ.
As always heads-up for more headlines risk out of Washington, CHina, London, Boeing and OPEc.
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