Traction-less Action as Tough 7-Day Schedule Sets Up
Trading ARKK, IBM, SPY, etc.
Our View
The summer trade may have come early this year, but that doesn’t mean the ES won't be extremely volatile. While “thin to win” and “don't fight the Fed” worked unbelievably well for buying the pullbacks when rates were at or near zero, that game is over.
With the Fed raising rates, “thin to win'' may in fact be a very bad thing for the S&P.
The ra…