Market Notes & Setups Updated – Opportunities to trade both Short and Long side this week, great setups if we can trigger them early in the week.
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Bessent Interview Highlights This Morning:
-Downplayed the Moody’s downgrade as not a major concern
-pressured Walmart to absorb part of the tariffs
- Said Liberation Day tariffs will likely be reinstated for many countries
$SPX implied move for the week is just 97 points — the lowest since February. Moody’s credit downgrade will likely grab headlines early on, but beyond that, the calendar is relatively quiet as we head into Memorial Day next week.
Burry most likely closed out all these puts during the April drop — doubtful he’s still holding any of them.
If anything, he may have taken profits and repositioned with new shorts.
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