Rep. Garret Graves (R-La.) attends an event in the East Room of the White House in Washington on May 26, 2023. (Chip Somodevilla/Getty Images) It’s good…but it won’t always be this good
Rates and tech
Rates and tech have moved in almost perfect tandem since last summer. Lately, NASDAQ decided decoupling, and has moved higher, despite the fact rates rose from Dec lows. What happens if rates start moving lower again? Source: Refinitiv
Spot up, volatility up We have seen SPX and VIX move higher since mid December. Particularly noteworthy is the past days VIX move higher, that has occurred with the SPX squeezing. Source: Refinitiv Ever time for laggards? “They” should start chasing laggards soon if this bull has more to go. Chart showing MEME, most shorted and SPX. Source: Refinitiv Positioning clearly […]
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