A Quick Update On The US Markets Overnight

I made this brief video this morning on the sea of red in the US overnight. This may slow the FED’s quest to normalise rates.

The Australian market is down a bit:

But the financials are being hit harder:

Still above the 5,466 level reached back in 2016.

The local VIX is lower, but still elevated.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

One thought on “A Quick Update On The US Markets Overnight”

  1. – “Normalizing rates” ? Sheer nonsense !!!
    – Nope. The FED FOLLOWS the US 3 month T-bill rate. And that rate did NOT fall, remained at a record level. And when that rate stays at this record level then it signals that there still is a “buy the dip” mentality/mood.
    – I saw something similar in january of this year. The 3 month T-bill rate remained flat but e.g. the S&P 500 went higher. This divergence told me that a “correction” was coming. And it came in early february of this year.

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