My philosophy coming into this week: Friday post to clients: "At inflection point: Bounce Hard or Trounce Hard. Bullish bent: VIX crush on Mondays. VIX crush into FOMC. That's usual and customary. Then let's see. FOMC: No surprise expected. I still expect PAUSE (since March 12th) not higher for longer + that includes Dec 13th mtg.
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Bounce Hard. Now The Test.
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My philosophy coming into this week: Friday post to clients: "At inflection point: Bounce Hard or Trounce Hard. Bullish bent: VIX crush on Mondays. VIX crush into FOMC. That's usual and customary. Then let's see. FOMC: No surprise expected. I still expect PAUSE (since March 12th) not higher for longer + that includes Dec 13th mtg.