The great volatility suck.
From $VIX 21 to an 11 handle in just 21 days.
An even quicker $VIX crush than during the November/December period.
Markets are risk free again.

Volatility is so low even the algos are bored.

New 2024 low for the $VIX

I see some leaned too much forward in their chairs.

$GME

$SPY traded 50 million shares yesterday.
Meanwhile 7.3 billion shares were traded in 6 micro caps.

oops?

$DJIA

And who drinks Orange Juice anyways?

$VIX 12.47

Time for:

Sunday May 19 3:30 PM
US Fed Chair Powell Speech

Tuesday May 21 2024 04:00 AM
US Fed Chair Yellen Speech

NorthCast Market Update: Highway to the Danger Zone

youtube.com/watch?v=w8bTc1…

No more down hours either 😂

$SPY ETF up 11 days in a row.

No more down days until November 5.

Debt fueled buybacks
Debt fueled government spending
Debt fueled economic growth
Debt fueled debt growth

The recipe for a prosperous future.
For the few.

Industrial Production 0.0%
Retail Sales 0.0%
Real GDP 3.8%

Right.

Even little kids know it's all BS 😂

I see from the headlines we've beaten inflation again.
Yet for some odd reason consumers are not happy.

The ECB seems eager to cut rates

Or even close