The OPEX overnight ramp faltered with news of the UAW strike. Futures are currently off slightly despite VIX falling to levels not seen since Jan 2020.
continued for members…
Currencies are helping to stem the losses, but only a tad.
Oil and gas are off nearly 1%, but the 10Y is slightly higher.
Note: I will be out of the office next Thursday and Friday for a little medical procedure, but expect to be back on Monday.
GLTA