Macro Theme:   Key dates ahead: 10/24 Jobless Claims 11/6 Election 11/7 FOMC We remain long of equities while SPX >5,800, and neutral <5,800. Currently we do note see a material negative gamma SPX position until <5,700, suggesting a lack of strong "risk...

Macro Theme:   Key dates ahead: 10/24 Jobless Claims 5,875 is peak positive gamma, and major resistance this week. We look for VIX expiration on 10/16 to mark a period of higher equity volatility, as VIX Exp & 10/18 OPEX clear out short vol/positive gamma...

Macro Theme:   Key dates ahead: 10/18 OPEX 5,875 is peak positive gamma, and major resistance this week. We look for VIX expiration on 10/16 to mark a period of higher equity volatility, as VIX Exp & 10/18 OPEX clear out short vol/positive gamma positions....

Macro Theme:   Key dates ahead: 10/18 OPEX 5,875 is peak positive gamma, and major resistance this week. We look for VIX expiration on 10/16 to mark a period of higher equity volatility, as VIX Exp & 10/18 OPEX clear out short vol/positive gamma positions....

Macro Theme:   Key dates ahead: 10/16 VIX Exp 10/18 OPEX 5,875 is peak positive gamma, and major resistance this week. We look for VIX expiration on 10/16 to mark a period of higher equity volatility, as VIX Exp & 10/18 OPEX clear out short vol/positive gamma...

Macro Theme:   Key dates ahead: 10/16 VIX Exp 10/18 OPEX 5,875 is peak positive gamma, and major resistance this week. We look for VIX expiration on 10/16 to mark a period of higher equity volatility, as VIX Exp & 10/18 OPEX clear out short vol/positive gamma...

Macro Theme:   Key dates ahead: 10/16 VIX Exp 10/18 OPEX 5,875 is peak positive gamma, and major resistance this week. We look for VIX expiration on 10/16 to mark a period of higher equity volatility, as VIX Exp & 10/18 OPEX clear out short vol/positive gamma...

Founder's Note: Thu, October 10, 2024 at 6:48 AM ET Macro Theme:   Key dates ahead: 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,745, 5,720, 5,700 Resistance: 5,800, 5,825 As of 10/7/24: Long with close >5,720 Risk-off on a...

Macro Theme:   Key dates ahead: 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,720, 5,700, 5,600 Resistance: 5,750, 5,775, 5,800 As of 10/7/24: Long with close >5,720 Risk-off on a break <5,700 QQQ: Support: 485 Resistance:...

Macro Theme:     Key dates ahead: 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,700, 5,600 Resistance: 5,750, 5,760, 5,800 As of 10/7/24: Long with close >5,720 Risk-off on a break <5,700 QQQ: Support: 480, 473...

Macro Theme:   Key dates ahead: 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,700, 5,600 Resistance: 5,750 5,760, 5,800 As of 10/7/24: Long with close >5,720 Risk-off on a break <5,700 QQQ: Support: 480, 473 Resistance: 484...

Macro Theme:   Key dates ahead: 10/4 NFP 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,700, 5,675, 5,650, 5,600 Resistance: 5,720, 5,750 5,765, 5,800 As of 10/2/24: Long with close >5,720 We position flat equities <5,700...