Game On! Volatility Strikes Back… And It Strikes Hard -

Game On! Volatility Strikes Back… And It Strikes Hard

Aug 02, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashIt looks like, after a long, long run of being upside-down, bad news is bad news again…Not-great job numbers are pointing to an economic slowdown; crude oil prices are actually pricing one in. Bond prices are in full-on “duck-and-cover” mode.”Second-quarter earnings have been kryptonite for tech stocks. Investors are getting a rude awakening – maybe AI isn’t all it’s cracked up to be yet.The volatility beast is running wild over the unprepared. We’re going to take a look at VIX, VVIX, and the volatility futures and I’ll show you what to look for.By mid-morning, the VIX (which started the week just above 16) had almost hit 30 while the S&P 500 and Nasdaq were both down more than 2% after 3:00 PM.In other words, this was a really rough day, and today we’re going to look at what the hell happened, and what to do about it next week…Video Length: 00:23:56More By This Author:I Wasn’t Joking About “Risk-Off” – This Is What To Do
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