Expect volatility to spike as Thursday approaches and Comey speaks to Congress. Meanwhile the markets are at new highs and the slow melt up on piddling volume continues. One of these days the balloon will burst and when that happens expect evaporating liquidity (think spreads) will reveal the absence of buyers. Crazy times as bonds continue on a melt up track with SPY.
Odds are 90% the FED will hike mid June.