In this short clip from Macro-To-Micro Options Power Hour recorded on April 16, 2025, Samantha LaDuc and Hans Albrecht discuss how markets remain directionless as investors wait for a clear policy signal—either Powell capitulating or Trump walking back tariffs.
Powell’s hawkish tone isn’t helping risk appetite, and while a short-term bounce did materialize, both warn it’s likely a temporary reprieve in a long-volatility regime.
Hans points out that many funds have already deleveraged, downside skew is expensive, and selective buying has returned in defensive sectors like staples and utilities.
Samantha adds that despite recent big swings, the S&P is essentially stuck in a wide range near $5,250–$5,300, and without liquidity returning, there’s no sustainable upside.
