The Long Investor

VIX

Added 2024-02-13 20:21:46 +0000 UTC

Today was a day for Macro charts so we can remind ourselves of the big picture and not one red day for the market.

With the market expecting no Fed rate cuts in March now and possibly unlikely in May, we may not get a cut until the summer, so everything moves further along.

I believe the market still drifts up until the Fed cuts, so there is plenty of time to see some melt up behaviour and we are seeing some signs of it lately with $NVDA, $SMCI and $ARM.

$VIX has jumped 26% today after the unexpected Inflation rate staying above 3% at 3.1%, this appears to have caught the market off guard and we might see a test of the yellow trend line above at $19.50 before rejecting again.

Any change to this long chanel since Mid 2022, would cause me to change my view on the market.