A bit of a "Groundhog Day" scenario lately

Option Pit Income [frep, frep header, header, logo] Big Money is preparing for post-election. Where are they heading? Let's track the money and find their trades[Click here to get started.]( Hey Traders, Let's jump right in. Overall State of the Market It seems like we're in a bit of a "Groundhog Day" scenario lately (arguably one of the best comedies of all time), with stocks attempting to sell off early each morning but consistently finding support as the day progresses. I often say this is a "VIX 12 market dressed in a 20." In other words, the VIX is a whole lot of bark and no bite. That works in our favor, as we prefer selling overpriced options. However, as PredictIt odds of a Trump win solidify and recent strong data—such as retail sales—continue to emerge, we're observing a general softening of fear across many asset classes. The much-feared hard landing never materialized. Volatility in equities, credit, currencies, and oil has decreased. One exception is the rates market, where risk premiums have recently increased. This makes sense, as I've been critical of the Fed's rate-cutting intentions for months. Many of those previously aggressive rate-cut expectations have since been scaled back, though the story is far from over. Data has once again taken center stage as investors search for signs of renewed inflationary pressures amid strong and sustained economic growth. Concerns about fiscal policy and the upcoming election also weigh heavily on the rate markets. Indeed, it feels as though rates volatility has spilled over into nearly every other asset class. Even after the election on November 5, we’ll still be watching VERY closely for the FOMC rate decision on November 7. It's only around this time that we may start to see a reduction in concern in the rates market, with a corresponding compression in the VIX and other volatility measures. While Trump may arguably be more favorable for markets, the uncertainty surrounding the election is proving to be uncomfortable, similar to what has occured ahead of previous elections. [See the key economic news and my watchlist in the full article here.]( Talk soon, [sig, mark sig, signature] Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo]( All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now they’re collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Want to change how you receive these emails? You can [Update your preferences](/) This email was sent by support@optionpit.com. 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy](