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‘El Chop-o’ And What May Be Next, According To Nomura’s Charlie McElligott
As expected, this week has been defined by impeachment banter and trade war headline hockey, with th
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The positive ass-kissing news from China is part of the illusion, where trump and the commies are gaming the market up and down. Not a shock that as the VIX/10yr pushed higher yesterday, in comes one of the players to manipulate the market with a tweet or little spin. I have no idea why people play along, because at some point the roulette wheel is gonna not act like a Swiss watch! Then again, as they say, this is the only game in town, so when in Rome …………..
https://fred.stlouisfed.org/graph/?g=p7Cc
Oooops, posted the wrong FRED chart (above) with just VIX, meant to post VIX/10 yr. This tends to show value and volatility as a ratio, must better pix than just VIX.
https://fred.stlouisfed.org/graph/?g=p7CC