Futures have broken out on a new VIX “breakdown” and the runup in NVDA shares – now the 4th largest component of the S&P500.
This seems off to us, as Powell is likely to come out more hawkish than expected in his Jackson Hole comments.
continued for members… (more…)
Futures are up 0.40% largely on bullish algo positioning…
…with VIX now down 13.4% since Friday’s 200-day moving average tag.
continued for members… (more…)
VIX’s constant slide has been one of the best indicators of the runaway bullishness over the past 10 months. Over the past week, however, it has soared to new highs, reaching our 200-day moving average target well ahead of schedule. 
What does it portend for equities?
continued for members… (more…)
