TRADING WEEK JUN 13TH-JUN 17TH

The intraday trading ranges for SPY last week were 6.06, 8.61, 5.44, 10.30 and 6.03. That was okay but not great. The hi-lo for the week was 26.86. That was great. When any big number disappoints it's look out below. Even if there is not a recession on the horizon the rising interest rates, due to inflation, make bonds an enticing investment. That wasn't true for fifteen years. There should continue to be volatility as a result of the new paradigm. On the 14th PPI comes out at 8:30am ET. If it is worse than the CPI then new lows will be tested. The following day the FOMC statement will be released at 2:00pm ET, followed thirty minutes later by Jay Powell's press conference. Housing Starts come out at 8:30am ET on the 16th, followed ninety minutes later by the Leading Economic Indicators. ORCL releases earnings after the closing on the 14th, followed the next morning by the release of KR earnings. The SPY 17Jun 390 straddle was a juicy 13.25. You cannot not buy it, in spite of its fat price.