I see a lot of put buying today and no call buying. I suspect the GDP number will be better than expected.
Europe is also down. European banks are tanking. Treasuries are up.
We are all fools trading this market.
The rally in everything at noon is fake.
I am glad that you see some risk in TLT. Enjoy your monthly yield and the constant fear that his may drop 5% in one day. Don't forget there is a slim possibility that Republicans get elected which means the FRB is history and rates will go up.
She is the only sane (sort of) person running for president. If Bernie gets in, the market will totally crash. As for the Republicans, there is no hope.
In case you don't know this, European banks are now below the crisis levels. It does not make sense for S&P to back at the high's of 2015 when European banks are dying.
Absolutely nobody is expecting a sell off today which means the market will correct.
Unfortunately, this is bullish.
It amazes me that people don't see the risk of owning treasuries up here. Longs are doing great now and TLT will probably continue to move up this week but it can suddenly go down 5% in one day.