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‘V’ Is For Irrelevant

By Tim KnightStock MarketsSep 18, 2018 04:37PM ET
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

Emini S&P 500
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
CBOE Volatility Index

‘V’ Is For Irrelevant
 
‘V’ Is For Irrelevant

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Gold Fever
Gold Fever Sep 18, 2018 8:43PM ET
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Trade war and soon to be 10Y yield at 4% already priced in at ES 3100 lmao
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Micky Mcfly
EvenSteven Sep 18, 2018 4:49PM ET
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You are spot on, Tim!
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