A big decline in $CPI to +8.5% y/y, โ the July services #PMI โ๏ธ โ #NFP โ๏ธ, kept the ๐ฅ burning on risk assets - enough to lure the โ๏ธ
Is this a new โ๏ธ market or the end of the ๐ป rally?
Letโs dig into the ๐งฎ!
2/7
Equity volatility โ๏ธ across market and ๐ป Trend (T)
With FOMC ๐ฆ minutes ๐ (nothing ๐ that gave you a #BTFD moment) and $NVDA ๐ out of the way, the $VIX (along with metals and the $USD) is collapsing