Jack explains the two things which will drive trading this week. The central-bank-a-thon taking place in which we see every major central bank meeting to discuss policy, and the quadruple expiration which is driving volatility, especially in NASDAQ stocks.
Jack explains the importance of the June expiration period which is starting this week. Also, the mixed signals between equities and bonds still remains a conundrum for traders.
Jack talks about the importance of watching cash flows at the end of the month and start of June. He also points out the continued disconnect between the stock market and the bond market.
Jack discusses May expiration, the headline risk coming out of DC which is affecting the market and the divergence between bond yields and stock action. One market is wrong, which is it?
Jack reminds us the price action in both stocks and bonds is being determined by the political discourse coming out of DC.