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Fed Caught Between a Rock and a Hard Place

MRKT Matrix

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Is There a Put Spread in the XLF?

A put spread here would make a whole lot of sense in terms of the risk reward. I like to leg into the some of those sometimes guy, like a buy the long strike. And then if it starts going in my direction and gets in the money, then I'll sell it further down. So that's kind of my trade right here. It seems all kinds of similar. We mentioned it briefly last night: The relative underperformance by the QQQ. Talk to us about small caps and what you think that means in this very volatile rate environment we've got.

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