Volatility is in an expanding pattern and should increase higher in short term. The VIX has been trending higher since July. Volatility typically will pop when SPX is getting near to a low occuring after declines in SPX. Daily
There's only one thing that limits Trump's tariffs. That is selloffs in the markets. Trump will continue to ratchet up tariffs in the months ahead until he can no longer stomach the selloffs that result.
VIX expanding and we have some dates coming up soon. Next week March 4th tariffs against Canada, Mexico and China are due to take effect.
ReplyDeleteThen April 2nd reciprocal tariffs against trading partners to take full force and effect.
ReplyDeleteSPX back at our trendline as shown! Let's see if that can break soon and down to 200 average on daily around 5,700 for March 4th.
ReplyDelete$compq already at 200. I wouldn't be surprised to see a 20% correction
Delete"Warren Buffett calls Trump’s tariffs a tax on goods, says ‘the Tooth Fairy doesn’t pay ‘em’"
ReplyDeleteSPX, in fact, failed and now working to break the trendline.
ReplyDeleteSPX trendline broken to the downside!
ReplyDeleteVIX here we go!
ReplyDeleteSPX capitulation low next week?
DeleteSideways this week then a huge plunge
DeleteSeems like the plunge is on lol
DeleteSPX reached the 200 average as anticipated.
ReplyDeleteThere's only one thing that limits Trump's tariffs. That is selloffs in the markets. Trump will continue to ratchet up tariffs in the months ahead until he can no longer stomach the selloffs that result.
ReplyDeleteNew chart posted!
ReplyDelete