The Week Ahead
Volume 125 - No Monday sell-off!
Good morning,
I hope everyone enjoyed the Super Bowl last night! I can’t say I watched it all, I found myself asleep on the sofa at 2am (GMT).
Markets enter the week digesting last Friday’s moves, with key macro themes still in play: inflation data, rate pricing, and equity resilience. CPI remains the dominant catalyst, with broader market implications across FX, rates, and commodities.
Tariff news over the weekend, yet no Monday sell-off? Most likely because everyone and their mothers loaded up on puts on Friday, expiring today, expecting a gap down for the third week in a row. Time for those guys to stop out and get stopped in on a move higher. oops!
Single Stocks, Index & Vol
Equities: Mag7 consolidation remains intact; my Mag7 basket hasn’t really moved an inch since 1/22, with the bulk of earnings out of the way…