SPX Correction Arriving or Not?
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One more day of upside rejection in S&P 500, in what is now quite a long stretch of prices going mostly sideways. As unsteady as VIX seems at the moment, it doesn‘t flash danger of spiking in this data-light week, and neither does the put/call ratio. As I wrote yesterday about the selling pressure, these tight range days accompanied by 30-ish point corrections is as good as it gets when the Fed still has its foot on the accelerate pedal. Q1 2021 hedge fund letters, conferences and more Yes, you can ignore the Kaplan trial baloon (have you checked when he gets to vote on the FOMC?) that spiked …

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HEDGE accordingly