Volatility Alert (VIX)

[errolanderson]

There is a wise market proverb stating, 'The higher the mountain, the deeper the valley.' AKA: The more stocks rise, the more they fall.

Commodity traders and producers are well seasoned to this reality.

Let's watch and see how deep a valley the NASDAQ and S&P now creates . . . .

errolanderson.substack.com

[errolanderson]

VIX Volatility Index spikes 10% today. NASDAQ down nearly 3%. S&P 500 index worst day since December 2022. Correction appears in-progress . . . .

[errolanderson]

Did gold just see its ghost today?

Asset devaluation and commodity deflation running rampant. Precious metals need inflation to ride.

The Fed may be too late cutting rates. And buying-the-dip days may be numbered as margin calls take hold.

Big risk: Banking sector trouble, a concern. Consumer and consumer demand is king and rapidly weakening. Bankers holding-the-pot . . . .

This may be a deep ‘n prolonged economic turn-down folks . . . .

errolanderson.substack.com