Great issue thx for the insight! By vol smash post FED 0.75 basis hike you mean smash up or down? I see a cooling if it's 0.75 as opposed to the consensus 1.00 - but could it go higher on general unsettled reception of another hike regardless of 0.75 or 1.0 ?

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Thanks! Yeah, lower vol.

I'm a little less confident with 1.0 hike... but based on the recent price action given the recent CPI print, 1.0 hike might not even matter either.

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