A market that can't decide, so neither did I
The regime board says 'neutral' today, but the internals are kind of fun. Fundamentals look pretty solid (exports and CPI are pulling hard), credit spreads are actually tight, yet the volatility axis is pressed down flat — so the market just can't seem to pick a direction. On days like this I'd rather not force it, so I sat this one out with nothing added to the paper book.