UVXY

In the age of Twitter, I almost titled this “Volatility in Re-tweet.”   Sounds a little like Tweety Bird, but you get the idea.  With the NFP numbers out and Consumer Confidence numbers ok, the gravitational pull in equities is still up.  I think the volatility pattern in the SPY is telling of how the budget battles are going to shape up.  In short, I think the battle is over.