"VIX smashed through the 2 yr low low of 17.90 ( set on 2 Jul 2021) ."
Its all a big con designed to suck in retail investors before the big drop. These two charts tell it all. The top char is US Corporate Profits which is going down down down. The last drop was nearly 7%. So why is the market going up up up? Maybe things are improving? Well, the ones who would know that are the Purchasing Managers of US manufacturing businesses. According to the Purchasing Managers survey (see PMI, bottom chart) things haven't been this bad since the Covid crash and the GFC.
https://tradingeconomics.com/united-states/business-confidence
https://tradingeconomics.com/united-states/corporate-profits
XJO - Bear Posts only (Factors which might cause the markets to fall), page-10491
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |