TVIXF News and Press, VelocityShares Daily 2x VIX Short-Term ETN From 01/27/23

Summary Conventional wisdom these days is that in order for the Fed to bring inflation down, they are going to have to kneecap the economy. Looking back at last year as a whole, real GDP shrank at a 1.1% annualized rate in the first half of the year, and grew at a 3.1% annualized rate i...

Summary QQQ and the S&P 500 have dropped from all-time record overvaluations a year ago but are still trading at more than double their average ratios relative to the profits of their components. Real estate has fallen modestly from its all-time highs in recent months but is about 7...

Summary Last week, the Bank of Japan decided to raise the upper band of the 10-year JGB yield, which will allow it to trade up by 25 basis points (from 25 to 50 bps). That caused a violent surge in the yen as well as an upswing on both U.S. and European long-term bond yields. If the 10-...

Summary The credit cycle and the economic cycle are excellent leading indicators of volatility. Both are likely to continue deteriorating in the months ahead. As such, expect high stock market volatility to be a mainstay for 2023. High Volatility Set To Continue Eq...

Summary The resilience of the labor market means the U.S. is probably not in a true recession. Macroeconomic headwinds do, however, make a mild recession within the next 12 months more likely than not. The market volatility has been one of the contributing factors to investor ...

Summary In today's issue of the 1-Minute Market Report, I examine the market bounce since the October low, and highlight the areas of the market that are leading the way higher. On Thursday, for every stock that was down, there were 26 that were up. For the first time since August...

Summary Almost half of the option contracts being traded on the S&P 500, to the tune of $300 billion of notional each day, have one-day expiries or less. Across all listed ETFs and indices, an astounding $1 trillion of notional value in put options (bets that an index or ETF w...

Summary Active central banks may create attractive opportunities for discretionary macro managers who can take advantage of higher volatility, higher rates and dynamic policy changes. The Russia-Ukraine conflict remains a large overhang across almost the entire commodity complex. ...

Summary The Fed isn’t likely to stop raising rates anytime soon which means cash is starting to become a viable competitor to the increasingly volatile trading in stocks and bonds. Liquidity is now reaching very dangerous levels. The US Ten-Year Note Yield crossed the 4...

Summary Stocks started the week waiting with bated (baited?) breath for the inflation reports of the week. It isn’t surprising that the market is focused firmly on the rearview mirror for clues about the future since Jerome Powell has made it plain that is his plan. Sto...