It looks like, after a long, long run of being upside-down, bad news is bad news again…
Not-great jobs numbers are pointing to an economic slowdown; crude oil prices are actually pricing one in. Bond prices are in full-on “duck-and-cover” mode.”
Second-quarter earnings have been kryptonite for tech stocks. Investors are getting a rude awakening - maybe AI isn’t all it’s cracked up to be yet.
The volatility beast is running wild over the unprepared. We’re going to take a look at VIX, VVIX, and the volatility futures and I’ll show you what to look for.
By mid-morning, the VIX (which started the week just above 16) had almost hit 30 while the S&P 500 and NASDAQ were both down more than 2% after 3:00 PM.
In other words, this was a really rough day, and today we’re going to look at what the hell happened, and what to do about it next week…