There seems to be an inverse relationship between an investor’s purported level of sophistication and their returns in recent years. At least, that’s what one might assume when comparing the historical aggregate return of US households with that of the hedge funds community.
Authored by David Stockman via The Daily Reckoning,
Approximately two months before the election on September 10th I locked down the final draft of my book, Trumped!
In the opening sentence I ventured the following opinion, which was most certainly not in the mainstream at the time:
FIRST THERE WERE 17. THEN LITTLE MARCO, LOW ENERGY JEB AND LYIN’ Ted were gone. At length, there was one. And now there is even a chance he may become President.
Even as the VIX has continued to plumb new all time lows, unable to rebound from the realm of single-digits where it has spent a record amount of time in 2017, warnings about a potential surge in the volatility index have been growing in recent weeks.
Whoever is rigging the market is getting increasingly desperate.
The daily VIX slams are getting more and more ridiculous. It’s getting to the point that the VIX is getting slammed 5%-6% every single day at 9:50AM just to pin the S&P 500 (they’re not even trying to get a gain anymore).
Here’s the VIX.
Here’s the S&P 500’s last nine closes. The index is LITERALLY not being allowed to move. It’s now gyrating a point or two per day.
Gold Outperforming Stocks YTD As Dollar Has 5th Monthly Decline