Morning Market Notes 06-12-26

Market Calendar

$SPX & $QQQ

VIX back under 19.5. The driver: an Iran deal, allegedly. And at 9:30 the biggest IPO ever launches — a $75 billion raise that's had the whole Street lined up all week.

The line that matters is 7400 where dealers are back in positive gamma, and dips are for buying while that holds. Macro day is light but powerful, Consumer sentiment prelim at 10. Next week is the main event: FOMC and VIX expiration Wednesday, OPEX Thursday, closed Friday for Juneteenth.

Let's have a sesh.

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