$SPY options don't appear to be buying the dip based on the realtime deltas (purple line).
Implied volatility is breaking lower, which could be adding the equity boost.
Thats different from puts being sold and calls being bought. pic.twitter.com/kiL2NIPe27— SpotGamma (@spotgamma) January 10, 2022
updated comments won't surprise many who read past posts or follow here. 2022 set to be a difficult year for risk taking on a few fronts and likely to get more difficult as year progresses. stay defensively minded.
https://t.co/vTSOVP0U1d— MrBlonde (@MrBlonde_macro) January 10, 2022
$spx sentiment pic.twitter.com/wGGg8TRbuL
— Álvaro Oviedo (@alvoviedo) January 10, 2022
The Atlanta Fed GDPNow estimate has started its usual quarter-end decline, falling from a peak of 8.8% to 6.8%
The only reason it hasn't declined more is because the inventory contribution increased from 1% to 3%
So we have a 3% inventory build in Q4 after a 2% build in Q3 pic.twitter.com/ULgfsyKoau
— Eric Basmajian (@EPBResearch) January 10, 2022
Value investors taking their victory lap at last 👇@Greenbackd pic.twitter.com/72If8z7ZKR
— Gianluca (@Theimmigrant84) January 10, 2022