The VIX Needs A New Catalyst
Volatility is exhausted holding these levels and is lacking a new catalyst. Inflation is fading everywhere and the consumer is weak. Sentiment will slowly start to shift back to Growth > Value.
Last week: “Silver, Gold, Oil, Miners(XME), Pure Value(RPV) and Rare Earth Metals. VIX is too high for no war. Add Nasdaq on serious weakness (-3%)”
The initial open in the futures tonight, Nasdaq -3%, Bitcoin +0.5%, Platinum +1%, Gold +2%, Silver +3%, Palladium +5%, Brent +7%, confirms our strategy from last week.
What will drive the markets from here:
Volatility is fatigued holding these levels and is lacking a new catalyst.
Inflation is fading everywhere and the consumer is weak.
Fed hike expectations were TOO crazy, had to come back to reality.
Bitcoin is NOT trading like the Nasdaq anymore. Bitcoin > Nasdaq.
VIX is still too high for no war. Add Nasdaq on serious weakness (-3%)
Don’t focus on just one asset class.
Last Week “When bombs start flying, we start buying”
Here are the important levels to continue to watch
For the degenerates: Cameco (Uranium)
Rate hike expectations were out of this world.
Corporate pigeons are going back to work. Less consumer demand = less strain on supply-chain
These two charts are gold if you think rates will continue to rip to the sky. The Pure Value (RPV) is heavy Financials.
Remember, even Putin is waiting for the breakout in Gold
Return always wants its risk payment. Not Investment Advice. For entertainment only.