I like how you framed this as a structure-first market. The VRP split you highlighted tells me positioning is doing the heavy lifting, not earnings or headlines. When implied volatility is priced unevenly, flow tends to rotate before price trends. That’s classic late-cycle behaviour. Watching $Invesco QQQ(QQQ)$ here makes sense, tech usually reflects regime shifts first when liquidity tightens and gamma turns restrictive.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments