The Week Ahead

Volume 118 - Opportunity dances with those already on the dance floor.

Good morning or afternoon, wherever you might be.

Last week, we saw risk-on sentiment dominate amid declining uncertainty post-election. While the S&P 500 continued its grind higher, last Wednesday I put on a SPX Dec expiry 5850/5950 risk reversal for -4.20 (currently trades at 88 pre-market).

It was an interesting week, with Bitcoin approaching 100k, gold closing the week up by over 5%, and 10yr down by a few bps.