Morning Market Notes 04-22-25
Market Calendar
$SPX & $QQQ
After mentioning our short-term view (weeks to maybe a month) that the markets will make a new yearly low, the Nasdaq 100 bottomed intraday on Monday with a -3.5% decline, paring losses a bit into the close.
We’re not changing that short-term view, and it’s clear this market wants to return to a large-range, high-volatility mode — and it makes sense to me personally to risk it and try out some strangles.
$TSLA reports Q1 today with an implied move of 10%, but I don’t see the market reacting much to it compared to how it reacts to tariffs chatter. $GOOGL should lead with more weight on Thursday.
Let's have a sesh.