Loading ...from a layman’s point of view it appears that R640 is pointing out that volatility is dangerously low in key markets, credit, forex, and stocks which would precede and imply that we’re due for a big correction in these markets, which IMHO may be a credit event possibly linked to the commercial real estate markets.
If nothing else, when volatility is this low, it’s comparable to an oversold/overbought condition and begging for a correction.
I know they like to rally pm’s a little on Friday’s lately, but I like how we’ve come back today as the QQQ falters a little. Would love to see NVDA reverse on the day and get some downside follow thru on Monday. If pm’s could attract just 2% of that tech money, we would have a rally of epic proportions in our tiny sector.
This so much reminds me of 2001 it’s not funny.