Vanna Flows Returning for End of Month

It seems VANNA/CHARM are back from vacation!

Hedges are likely piling in as Jackson Hole approaches.

Lots of reflexive moves this week while the markets are standing on eggshells waiting for Powell.

You know the routine! I doubt any direction will come until CPI on Sept 13.

Until then. Chop Chop, Maybe a little Drop.