Thursday, June 23, 2016

Dumb Beta. Always The Last To Know

"They were waiting for the greater tool to arrive, only to realize it had..."

I guess what I've been trying to say is this...
DVY / S&P ratio:



Volatility implosion fund with VIX (red)




S&P (black) with VIX Inverted (red). VIX is not along for the ride...



Oil (black) versus stocks. Oil is not along for the ride...


Money (Out) Flow:
aka. smart money selling into strength...