still punishing beta but overall indexes with vol

interesting bounce intraday on small caps

bonds hit a high, fx dollar whipping

using mgk as a mag7 correlate

gamma is dropping but the dip is controlled

would need multiple days to really move averages

//

vgk or the euro component and the asia component nkd

less affected due to carries from aud moreso eur/jpy

energy component xle is helping some

//

tlt and tip trying to repair damage

not too hopeful due to breakout levels

compounded is iwm dia iyt and aapl tsla

//

indexes trying to find direction out of range

aapl and tsla corrected and waiting on other mag7 to follow

altogether w/ metals not fearing inflation looks to be dip enviro

gamma measures disagreement in the form of hedges

in the case of low hedge or gamma things are more free

so the sentiment is optimistic but not really as convinced

//

call it suspended belief

since carry trades are drooping we take caution

bonds trying to break on the short term

energy also broke support

//

the jpy is pushing

in the face of the longer trends

we take the strategy that these short term moves are opportunities

//

bond are not yet ripe and yields there to curb inflation

housing being a large contributor, staving demand

the other shoe of supply needs to swoop in

the suspended belief is in play but due to the short term drop in carries there is some resistance

perhaps post nfp there may be more clarity aka next week since things are being baked in

energy is also under while bonds are over which describes a certain sentiment

//

namely, energy and yields lower bring about figures under expectations

mag7 via mgk is actually pushing resistance and possibly leading

a coiled aud/jpy would provide further tailwinds here

//

crypto is really charging higher, surpassing metals

most indexes and sectors are testing support

laggards from energy but overall positive

gamma continues to range indexes

last time was april for the drop

an unclench w/ accum is poss

energy had some pivotal support and dow may followup

fomc will address the context of yield normalization

europe is an outlier now and may test support

made a small oops transferring vgk instead of mgk

either way spy exposure covers from mgk wary of euro

otherwise aud/jpy seems so be synced, may be ops on iwm

//

using tlt as the bond proxy would suggest too early for anything

same for commodities including metals except maybe crypto

peso finally dropped the shoe after holding resistance

definitely eurozone chills but aud/jpy is carrying

mgk is pushing but there should be support confirmation

one iffy thing is that chipmakers like tsm have not tested yet

//

the end of quarter will renew opportunities however

aapl and nvda seem to be punching through

not as certain other mag7 components

well things never go in a straight line anyway

gamma is pretty high so there is unlikely an extreme fri move

aud/jpy is lingering to position into the following week

//

eur/jpy is suffering only slightly and now near support

so the damage may be contained on the recent news

mag7 still levitating courtesy of aapl/nvda