Derek Moore and Mike Puck from ZEGA Financial discuss Friday’s selloff. It’s official, we are in a 5% market correction. Looking back at other corrections greater than 5% from the highs.
Derek and Jay discuss Friday’s selloff. So, was it all the readjustment of Fed rate cut expectations? Is CPI Inflation putting the Fed in a box? Michael Saylor says Bitcoin is better than Gold.
ZEGA’s March 2024 Performance Numbers Release
HiPOS Conservative Update - With the S&P 500 Index (the underlying SPX) moving down Friday paired with an increase of volatility, the HiPOS Conservative moved from an unrealized profit to an unrealized loss.
Derek and Jay are back to explore surprising data about buying the market at all-time highs vs any other day. Plus, how do markets and bonds perform post the last fed hike?
New HiPOS Conservative Trade - With today’s gap lower in the S&P 500 Index and increase in implied volatility, ZEGA’s traders identified a new short put spread position to establish within HiPOS Conservative accounts.