Good afternoon!
Another month has come to an end, as we wrap up the first 3rd of Q2. Now that we’ve essentially seen the possibilities of immense volatility this quarter, we’ve become accustomed to wider range and at a very fast-paced, which is exactly what I mentioned in the Q2 report. The theme for last week was to ‘buy the fear’ as I highlighted in the weekly Sunday report and then basically trade sideways/inside range once achieved back to increments of 3rds. This played out quite well but still leaves us neutral as we head into FOMC week. We’ll cover the odds heading into this week and summarize highlights from the week prior.