Waiting in the Wings

This morning feels a whole lot like yesterday morning, with futures ramping higher on the latest smackdown in VIX. Of course, these maneuvers can be an effort to force a breakout in stocks. But, they can also be an effort to put a little more air under stocks in advance of a downturn.  With plenty of important earnings still to be announced, the Gazprom threat, and a potential ECB rate hike just ahead, there’s plenty or risk waiting in the wings.

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