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.

Source: Refinitiv

Source: JP Morgan

Remember, even Putin is waiting for the breakout in Gold

Return always wants its risk payment. Not Investment Advice. For entertainment only.