‘V’ Is For Irrelevant

Opening Bell: Trade Uncertainty Pressures Global Stocks; Gold Moves Higher

‘V’ Is For Irrelevant

www.investing.com/analysis/v-is-for-irrelevant-200344517

‘V’ Is For Irrelevant

By Tim Knight | Sep 18, 2018 04:37PM ET

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Well, for our latest Total Waste Of Time, may I present to you the past twenty-four hours:

Emini S&P 500

A lot of trade-war excitement and then…….a total reversal.

In a rational world, the only explanation for the above would be that yesterday evening China and the U.S. announced they were reducing all tariffs on all products to $0 and they were seeking new ways to partner in industry. THAT would explain such a reversal. As it is now, though, Trump throw a missile at them, they threw a missile back at us, and everyone figured that was a great reason to go long Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) again.

Let’s face it, volatility appears to be heading to $zilch. This year has been nothing but a series of diminishing jolts, with the most recent one logging it at a pathetic 15 or so. The death of natural markets has not, in fact, been the least bit exaggerated.

CBOE Volatility Index

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Gold Fever Sep 18, 2018 8:43PM ET

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Block User

Trade war and soon to be 10Y yield at 4% already priced in at ES 3100 lmao

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EvenSteven Sep 18, 2018 4:49PM ET

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Block User

You are spot on, Tim!

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Central Banks

Interest Rates

Next Meeting

FED

2.50%

Mar 20, 2019

ECB

0.00%

Mar 07, 2019

BOE

0.75%

Mar 21, 2019

SNB

-0.75%

Mar 21, 2019

RBA

1.50%

Mar 05, 2019

BOC

1.75%

Mar 06, 2019

RBNZ

1.75%

Mar 27, 2019

BOJ

-0.10%

Mar 15, 2019

CBR

7.75%

Mar 22, 2019

RBI

6.25%

Apr 04, 2019

PBOC

4.35%

BCB

6.50%

Mar 20, 2019

S&P 500 Futures	2,795.12	+20.87	+0.75%
S&P 500	2,792.67	+17.79	+0.64%
Nasdaq 100	7,090.63	+55.46	+0.79%
Dow 30	26,031.81	+181.18	+0.70%
SmallCap 2000	1,589.64	+16.73	+1.06%
S&P 500 VIX	13.51	-1.40	-9.39%
FTSE 100	7,178.60	+11.21	+0.16%
DAX	11,457.70	+34.42	+0.30%

Crude Oil WTI	57.09	+0.13	+0.23%
Brent Oil	66.94	-0.13	-0.19%
Natural Gas	2.699	+0.002	+0.07%
Gold	1,330.65	+2.85	+0.21%
Silver	15.880	+0.079	+0.50%
Copper	2.950	+0.053	+1.83%
US Soybeans	910.25	-0.75	-0.08%
US Wheat	484.88	-1.12	-0.23%

SPDR S&P 500	279.14	+1.72	+0.62%
VelocityShares Daily 2x VIX Short Term linked to S	29.34	-2.19	-6.95%
Invesco QQQ Trust Series 1	172.89	+1.27	+0.74%
Direxion Daily Junior Gold Miners Bull 3X Shares	12.36	+0.12	+0.98%
VelocityShares 3x Inverse Natural Gas linked to S&	103.02	-0.10	-0.10%
ProShares Ultra VIX Short-Term Futures	42.1300	-2.4900	-5.58%
ProShares UltraPro QQQ	50.80	+1.08	+2.17%
VanEck Vectors Gold Miners	23.0600	+0.0800	+0.35%

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