Market Notes for 3/13-3/17
Recap of last week: Last week started off with similar price action to the previous few weeks, with 0DTE options dominating the market and sapping volatility. However, it ended with a bang due to the SVB news. The news likely caught many market participants off guard, as most were not hedged to the downside, resulting in a big VIX spike on Friday. Lost in all the chaos of Friday was the big jobs report, which confirmed that the labor market remains strong and could give a stronger stance for a 50BPS cut at the next FOMC meeting.
Economic Calendar/Important Earnings for the week: SVB mess is overshadowing the big CPI data we are going to get on Tuesday, another big print will likely mean a 50 BPS hike next FOMC meeting.
Monday
Tuesday
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