It looks like there are some very small signals in the intraday charts of the averages that suggest either a consolidation or an intraday bounce, beyond that there has been some real damage done to an already damaged market.
The VIX looks well bid in an attempt to hedge/reach for safety.
I'll update the market and volatility with charts, there is the same move in Risk asset correlation as yesterday and the same signals of flight to safety despite them.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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