Friday, September 9, 2016

"What, Me Worry?"

Chinese Yuan is coming unglued. Oil is tanking. Yield is imploding. Sovereign bonds are "unwinding", mega-cap stocks getting hammered. S&P ETF volume was 3x the 10 day average...

ZH: Sept. 9, 2016
Complacency Is At An All Time Extreme

In other words, the last volatility cycle is in progress...


Oil and junk bonds:

Look at the volatility pattern from 1987.

The Brexit rally was a bull trap aka. fifth wave overthrow. It's the market top equivalent of the Lehman low (March 2009)...