Opinion: The stock market’s rally was a head fake and the smart money now is with the bears
The stock market, as measured by the S&P 500 Index SPX, +0.53%, has fallen below the 4100 level. That is significant because there previously was triple resistance at that level, and when SPX broke out above that level in late January, it seemed as if the next leg of the “new” bull market was underway. […]
Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends
FOMC Rate Decision, Nasdaq 100, VIX, US Dollar and EURUSD Talking Points: The Market Perspective: USDJPY Bullish Above 132.00 The FOMC rate decision ended as expected with a 25bp hike to a range of 4.50-4.75 percent, but the reiterated warnings of further hikes ahead didn’t sway the markets A Dollar tumble seems caught up in […]
VIX falls to the lowest since last January
The meme stocks are running again today despite a choppy market, including shares of Lucid Motors now up 56%. Money is piling into beaten-up tech stocks at an incredible pace as the market bets on inflation coming back down to target. With that, the VIX is down 3% today to the lowest since last January. […]
Wall Street’s ‘fear gauge’ flashes warning that stocks might be headed off a cliff
Wall Street’s fear gauge has fallen to its lowest level in months, and Wall Street strategists are concerned it could be a warning that the latest stock-market rally is coming to an end. Specifically, they’re worried that the low level of the Cboe Volatility Index, otherwise known as “the VIX,” suggests that investors may have […]
Can CPI Recharge VIX and Spark a True S&P 500 Trend?
CPI S&P 500, Volatility, EURUSD, Yields and Earnings Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 Over the past three months, one of the top market-moving events in the major macro docket has been the US CPI The past few inflation updates have initiated strong S&P 500 rallies and […]
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
VIX, VVIX, S&P 500, Dollar, EURUSD and NFPs Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900; EURUSD Short Below 1.0600 Expected volatility has slipped to extremely low levels according to the VIX and VVIX, which makes benchmarks like the S&P 500 a ‘sitting duck’ Rate speculation around the Fed swelled this past session […]