FYI: Pity the tech investors who poured $2 billion into an exchange-traded fund just yesterday. Pity the bulls who thought they’d ride their way to riches buying the S&P 500 on Labor Day.
Pity just about anyone who isn’t long volatility, as the U.S. stock market twists in its fifth one-percent swing in seven days. The VIX is above 20, the S&P 500 is down 5 percent in three weeks, and 10-year Treasury yields aren’t far below the highest level since 2011.
Regards,
Ted
https://www.fa-mag.com/news/monsters-around-every-corner-with-stock-market-in-punish-mode-41451.html?print
