Morning Note

Asian equities picked up where the U.S. left off Friday, with all but 2 of the 16 markets we track closing higher last night. Europe’s following suit this morning, with only 3 out of 19 bourses trading lower this morning. The U.S. (save for small caps) remains in rally mode; the Dow’s up 310 points as I type, the S&P 500 is trading higher by .9%, the Nasdaq’s up 1.3% and the Russell 2000 is flat.

Oil’s down a percent, gold’s up $4, silver and copper are both rallying hard, up 2.3% each, and ag is mostly lower so far this morning.

Volatility measures are entirely resisting this morning’s cozy mood. The VIX (SP 500 vol) is up 2.4%, VXN (Nasdaq vol) is up a whopping 7.9%, RVX (smallcap vol) is up 1.4%, and VXD (Dow vol) is up .7%, just to name a few. One volatility index we track that’s trading notably lower this morning is GVZ (gold), it’s down 4%; which makes sense given how the price of options protection is being bid up (hedging against/exploiting a fall) across the equity space.

Yesterday I highlighted for you multiple studies that we update weekly, one of them being our own fear/greed barometer. While the contrarian indicator currently scores bearish, at +25 (oscillates between -100 and +100), only moderately so. The MSCI Growth Index Fear/Greed Indicator, per widely-followed SentimenTrader, on the other hand, says I’ll call it on-one-side-of-the-boat risk is at an exceedingly dangerous high:


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat