A very busy and volatile week begins with a thud as fears over a wider MENA war seem to be ignored in a mini-reversal of Friday’s trade. Perhaps it’s just a sigh of relief after the weekend?
Either way, the POSX and CDG and down but stonks are higher as the week begins. And it’s going to be a busy week, too, with the FOMC on Wednesday, followed an unusual Thursday US market holiday. Friday brings NYSE option expiration so you can be certain that the volatility will continue all the way into late Friday Globex….