VIX Tops 13, Stocks Catch Down To Hedge Anxiety
Both VIX (equity protection) and CDX (credit protection) decoupled notably from equity indices late last week and today it appears investors are catching on today...
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Tesla Shares Hit Record High
In addition to Amazon hitting its now daily all time high, today the tech online retail that recently made Jeff Bezos that second richest man in the world was joined by Tesla, whose shares just hit a new all time high above $292, surging over 5% on the day, following Sunday's report that first-quarter vehicle deliveries jumped 69% from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter.
'Soft' Data Slammed As Manufacturing PMI Plunges To 6-Month Lows: "Bodes Ill For Second Quarter"
Just as we warned was historical precedent, it appears the hope and hype in 'soft' survey data is catching back down to 'hard' data's reality.
Markit's US Manufacturing PMI printed a disappinting 53.3 for March (final) - the lowest since September - as New Orders tumbled and input costs soared to 30 month highs.
Sell in May go away signal, come a month early?
Most are familiar with the idea of “Sell in May and go away.” Should one take this advice and sell a month earlier this year?
The chart below is from good friend Ryan Detrick, looking at monthly returns of the S&P 500’s performance, over four different time frames.
CLICK ON CHART TO ENLARGE
Monday Humor? Fed "Tired Of Waiting For Inflation" - Plans To Give Every Household $1 Million In Cash
DISCLAIMER: this essay was written in the spirit of April Fool's Day.
Authored by Charles Hugh-Smith via OfTwoMinds blog,
The basic idea is that giving each household, regardless of wealth or income, $1 million each will spur consumption so mightily that inflation will skyrocket.