Crypto carnage looks to extend in the short run

Thursday’s CPI report could be the most volatile time this week, with SPX at-the-money straddles pricing in a 2% move.  As discussed, the hyper-weakness in Technology combined with the uptick in cross-asset volatility have most market participants wondering whether this will metastasize across global risk assets or largely be contained to severe weakness in crypto-currencies only.  Wednesday did show excessive volume in declining issues whic...

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