Market is getting hit. Producer Price Index number is not pleasing to traders. Trading curbs are in effect, limiting futures and options related trading programs.
This is the Wednesday before options expiration, so some of this selling is probably option related. The VIX (implied volatility on options) is up, but to me it is not high enough to signal a buy.
My instinct is to wait for the dust to settle, though there are any number of stocks I am looking at. Bonds are also lower, so there are not that many places to hide.
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