Expiry, Rebalancing, Summer Friday

We have lots of things going on in the market today — do not be surprised to see some odd trading:

• Its the end of the quarter, so we have Quadruple Expiration: Options, Futures, Indices, etc.

• Russell 2000 rebalancing will be impacting lots of the smaller names

FIFA World Cup today features the US vs Slovenia at 10am; Pebble Beach the rest of the day (PGA video)

• Summer Friday — rookies manning the terminals!

Looks to be a squelchy day — watch for the volume fade, especially after lunch . . .

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