Scott Burrill - Market Notes

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Scott's notes
Scott's Market Notes

Looking for Clarity

Apr 13, 2020

Following a blistering rally in the S&P 500, the coming week will turn to a new earnings season for firm insights as to forward guidance of revenue and earnings impact, and separately how long the economy will remain closed.

Lower implied correlation and options positioning focuses our attention on individual securities amid relative market stability compared to the last few weeks.

The S&P 500 Weekly Option Implied Move is + / - 135 points or 41% implied volatility with a range of 2925 to 2654.

The weekly trend remains down.

The Economic Calendar takes backstage to the ongoing virus news and how long the economy remains closed.

Earnings Season is critically important this cycle as understanding a firm's business model resilience commands attention.

Updated Index, Commodity, and Treasury Levels.

All the best,


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