Most Important Chart in World 4.0
A few things I am watching.
Bonds have tried to reverse a bit. Perhaps some faders emerging.
RTY only down 65 bps while SPX 90 and NDX 160.
VIX only up 1.5 points. Not panic, not fully capitulation either.
Bunds have only rallied 3 bps, if this continues, more to go. But whoever is buying EURUSD is drunk. If the US economy worsens, that’s the last holdover that has kept Europe alive for the last year. Food for thought.
My VIX indicator is not yet signaling this is over and time to fade.