So apparently, the ruble has rebounded thanks to Steve Mnuchin.
“Typically when positions are as large as they are currently, the risk is that if the prevailing narrative of the time does not play out perfectly, violent reversals will ensue.”
All hail the “king”.
“Instead of mindlessly staring at the VIX to get a sense of the market’s volatility worries, I have created a new index.”
Can you feel the tension?
Say your prayers.
“I don’t… nobody knows what’s going on.”
If this were a reality TV show, the ratings would indeed be “tremendous”.
Tuesday was another day that had a distinctly circus-like character to it…
In essence, the same things everyone was watching last week (e.g. tech, trade, Trump) will be in focus again…
It was only fitting that the quarter should close in dramatic fashion for U.S. equities.
It should be fine. Really.