Armageddon after the election, huh?Someone yesterday dumped a lot of money into an options portfolio, that's designed to lower the price of December US10-year Bond futures. That automatically means more US 10Y yield, and since there's a strong correlation with the Dollar, it also means the Dollar is going up.
The most curious thing is watching how the S&P 500 makes ATH during rising Dollar.
Such synchronicity has historically led to powerful corrections, and something tells me that it will not be the Dollar.
Now, I ain't saying we should all go out and start selling stocks like never before. But what I am sayin' is that maybe, just maybe, we should take a step back and look at the bigger picture. Maybe the market's got some more room to run, and maybe we should be lookin' for opportunities to get in on the action.
So, yeah, the option sentiment's looking a little bearish, but that don't mean we should all be running for the hills just yet.
Let's keep our cool, do our research, and see what the market's got in store for us.
