So far it has been another ugly day for the stock market. Freddie and Fannie (FRE and FNM) featured in Barron's and it wasn't good news. These familiar names drive the stock market lower. A retest of the recent lows at SPY 120 may be in the cards (currently 127.7). Option volatility as measured by VIX has picked up a little, but still isn't registering much fear.
Flat - No current trading positions.
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