For Tuesday: No sugar coating todays trade…it was an old fashion beat down. Today’s selling was broad-based including some of the strongest growth stocks. As we have said, there is a time to be aggressive and a time to go light. Now is the time to go light. Also, from the Equities Quick Sheet, the IV ranks are rising which means we can start to look to sell credit spreads. Reminder, the FOMC meetings starts tomorrow and the announcement will be on Wednesday. Have a great Tuesday.