Dan Deming on CNBC opening bell outlook! With strong earning of the financial behind us, Dan Deming thinks XLF needs to challenge 17 in the next week to keep the bullish momentum going. A stall here could signal expectations were to high and a correction may be coming.
Dan expects the VIX (implied volatility) to be under pressure. The gap between 30 day implied volatility and realized volatility in the SPX of ~8 is very wide and trading activity in the VIX may, June and July options suggest market players feel volatility will be contained heading into summer.