With VIX soaring today by the most in 3 months, it is time once again to remind readers of the after-effects of yuuge VIX deflations...
Via Dana Lyons' Tumblr,
The S&P Volatility Index recently dropped at a record pace off of its February highs; is this good news or bad news for stocks?
As the growth mirage fades (and short-squeeze ammo runs out), so crude and copper carnage is reappearing. Amid its biggest plunge since early Jan, Copper is now down 10 of the last 12 days and crude is plunging back towards it 50-day moving average. Amid this bloodbathery, precious metals are bid as Saxo Bank sees Gold "heading back to its highs and beyond."
Copper & Crude carnage continues as PMs are bid...
The biggest plunge in copper since September 2015...
The vendors and proprietors of blockchain solutions have almost all traveled the private blockchain route. We, at Veritaseum, have decided to go in the opposite direction. Call it a yearing for our macro and fundamental analysis roots, but the risk of trusting untrustworthy parties is just too great. The only way to eliminate the need for tirust is to open the network to many parties. Think the power of the Internet vs the utility of an intranet. Ths is the third in a series of articles that show, hopefully wihtout a shadow or a doubt, that Veritaseum is on the true and righteous path.
The GAAP PE of the market may be nearly 24, meaning on a non-adjusted basis stocks have, with perhaps the exception of the dot com bubble, never been higher and S&P 500 earnings are now expected to plunge plunge 9.6% - the biggest quarterly collapse since Q1 2009 - but for the mainstream media this is great news. Reuters "explains."
Reuters "explains":
By Richard Breslow, a former FX trader and fund manager who writes for Bloomberg
Mood swings have been fluctuating so quickly they resemble rapid-eye-movement rather than the expected ebb and flow of a normal market, such as it is in a QE world.
On Monday S&P 500 futures made a year-to-date high. On Tuesday we were told the market was in full “risk-off” mode. You guessed it, they surged Wednesday. This makes it, perhaps, worth taking a moment to try for some perspective from a technical point of view.