#instability

🥐 fresh crumbs Dec 17th - 18th #FOMC caused a quick move down which created a margin call issue into #OPex Dec 20th #OPex risk came off and $ES rallied 🔺 3% What can we expect into the end of the year 🤔 🔸 Monday a lot of hedges come off ⚠️ #instability 🔸 Supportive structured flows 🌊 are fading 🔸 Likely to get more selling There's a re-leveraging effect that should provide 👉some support 👈 into EOY but interest rates + inflation is the new #Narrative As we head into Jan 20th #Inauguration, people may want to be risk off Cem Karsan 🥐 🥐 with Rick Santelli on CNBC