Blood on the Street…
I smell blood on the street today. Seeing huge spikes in Volatility and breadth is flashing PANIC. Safest way is to get long the S&P 500 but hedge away exposure to financial sector either via SKF long FAZ long.
Lots of opportunities out there due to price dislocations. Arbitrage activity hammering financial names like Bank of New York so these names will spike when buyers go shopping….

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