Unsurprisingly no rate hike, but Fed hawkish statements still put pressure on stocks.
With the probability of the first rate cut in May now looking the highest, the market will be subjected to high rates for more than 3 months yet, and the market is a bit too optimistic about funding liquidity.
In terms of crypto options data, all major short term IV's have seen a small pullback as the rate hike resolution went through, and it is foreseeable that date-weighted IV's will be below 30% by the end of the week.
The market is weaker and despite the current lower IVs, the market is still favoring continued call option selling.
With the probability of the first rate cut in May now looking the highest, the market will be subjected to high rates for more than 3 months yet, and the market is a bit too optimistic about funding liquidity.
In terms of crypto options data, all major short term IV's have seen a small pullback as the rate hike resolution went through, and it is foreseeable that date-weighted IV's will be below 30% by the end of the week.
The market is weaker and despite the current lower IVs, the market is still favoring continued call option selling.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.