Volatility Alert (VIX)

[littledoggie]

Avian flu in dairy cattle in Kansas and Texas. Dairy cattle are also beef. How will that effect the cattle market?

[errolanderson]

Group, noticeable drop in equity trading volumes, unusual to me. Quiet volumes. Stock markets now controlled by less than 10 companies. Liquidity issues and insane concentration.

Be careful out there . . . . My opinion only.

[errolanderson]

Wild morning in equities, precious metals. Downward slide. Higher than expected U.S.CPI just released 3.5% in March compared to 3.4% expectations. Now talk of no Fed rate cuts this year. But should stock markets correct sharply, central bankers will be panicked to cut rates regardless (IMO).

A witches brew indeed . . . .
errolanderson.substack.com

[errolanderson]

S&P 500 Index technical lines in-the-sand should stock market correction intensify. 1st key support seen at 5,000 pts, down 6% from recent all-time highs. 2nd support seen at 4,700 pts, a 12% pullback. Major support on full-blown correction fills-the-gap at 4,350 pts, down 18%.

This is purely technical should follow-through equity selling persist . . . .

[errolanderson]

U.S. regional bank selloff over the past few hours. Doesn’t appear to be any rescue mission. Q2 appears brutal for these smaller banks.

[sumdumguy]

49 down to 46, relatively miniscule?

[errolanderson]

Horrible bank season about to begin?

[sumdumguy]

without axis marked, graphs are meaningless

[shtferbrains]

For extreme VIX , Gold has traded in $50 range today.

Up 20% since Valentines Day.

[errolanderson]

U.S. bank fallout clearly means U.S. economy in-recession. How much B&S is there in gov’t economic data?

Bank of Canada in-a-pickle. They have to cut rates ASAP, but rates will hammer loonie even further.

[wheatking16]

Adding to Errol's JPM reference.

JPM fell on yesterday's ER and is trading at the average price paid per share since the previous ER.

This means the average holder has returned the gains of the previous three months.

Not catastrophic, but this chart highlights why holding over ER is a risky business.

[errolanderson]

Gold trading range insane. Straight up early morning, now actually down for the day. Is this a bearish key reversal in the making? Volatility at its max . . . .

[errolanderson]

Comex gold now down nearly $100 per oz from mid-morning highs. USD rolling higher . . . . We may be watching history in-the-making.

[wheatking16]

Gold trading range insane. Straight up early morning, now actually down for the day. Is this a bearish key reversal in the making? Volatility at its max . . . .

Supporting Errol's comment:

[errolanderson]

Monday, Monday will be interesting. Black or just shades-of-grey?

VIX jumped 25% today and 50% over the past 3 weeks. Bank credit appears in significant slide. This is not favouring grossly over-valued stocks (IMO). Loonie freefall?

Emergency rate cuts? Not according to anybody in the media. If the stock market cracks, all bets are off . . . .