Morning Market Notes 04-23-25
Market Calendar
$SPX & $QQQ
How on point was our morning notes post yesterday?
We wrote about the return of large-range, high-volatility moves this week and testing strangles in this environment — and that’s exactly what we got.
It was just a matter of Trump getting a little dovish on tariffs and JPow, and the markets reacted accordingly — a strong bounce in an uncertain environment.
Are we out of the woods yet? One test of the bear market level isn’t enough. We’re keeping that view in place until the options landscape changes our mind.
Let's have a sesh.