El-Erian: 3 Things Stock Market Investors Should Watch (And 6 Observations)
Authored by Mohamed El-Erian via Bloomberg.com,
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Dow 30
June Gloom: Nasdaq Suffers Biggest Loss Since October As Dollar, Bonds, Economy Plunge
The thundering herd of "individuals" shifted awkwardly as June came to an end...
US Economic data in Q2 was the most disappointing since Q2 2011...
June was a rollercoaster:
"This Is Getting Out Of Hand" - Another Vol Event Strikes As FANGs Face Worst Week In 5 Months
As legendary market technician John Bollinger tweeted today...
"Another volatility event in the US stock market. At the lows S&P -1.4%, VIX +51.1%. This is going to get out of hand one day."
And quite an event it was... VIX spiked to 15.16 and liquidity collapsed before panic-vol-sellers struck again (as banks hit unchanged) slamming VIX back to an 11 handle by the close
While S&P 'VIX' was slammed, Nasdaq 'VIX' remained elevated...
Risk Parity funds getting hit as stocks and bonds are dumped...
Visualizing What Happens To Trading During A Market Crash?
It’s hard to predict when a stock market crash will occur, so the best defense is to be prepared.
Today’s infographic comes to us from StocksToTrade.com, and it explains what happens when a large enough drop in the market triggers a “circuit breaker”, or a temporary halt in trading.
Courtesy of: Visual Capitalist
Gartman Turns Bearish: "Today Is The Summer Solstice; Be Prepared"
Having been bullish of stocks in recent weeks, Dennis Gartman is starting to turn in the other direction. The catalyst for his latest bout of skepticism, aside from stocks having been "universally lower" when he posted his daily note sometime in the early morning (that is rapidly changing) are, well, the stars - namely that today is the Summer Soltice. We'll let him explain.