CBOE Volatility Index $VIX drops by more than 35%, its largest decline in history
Source: Barchart
If you went on vacation on Thursday and just got back, you are up 1%
Source: zerohedge
Macro volatility, market volatility and... sell-side volatility...
Goldman Sachs’ research department publishing these two headlines 73 minutes apart. Source. litquidity @litcapital
The S&P 500 was up 9.5% today, the 3rd biggest 1-day gain since 1950.
What has happened in the past following the biggest 1-day gains? Stocks moved substantially higher over the next 1, 3, 5 years every time. Source: Charlie Bilello
7 Finance Books
Source: Compounding Dividends @CompoundingW
Should we call this insider information ???
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🚀 Here comes the "Trump Put"...
Dow surges 2,400 points for biggest rally in 5 years Trump tariffs drop to 10% universal rate for all countries except China for 90 days. Here are the GOOD, the BAD and the UGLY 👇 : ➡️ THE GOOD: This is (at least temporarily) putting an halt to the cyclical bear market which was in the midst of turning into a full-blown financial crisis. ➡️ THE BAD: Who can deal with such volatility and unpredictability? Investors started the day trying to understand the risks of the basis trade unwinding and now they have to handle the biggest rally for the Dow in 5 years... What about CEOs and CFOs? At this stage it is impossible for them to make any plans about capex, hiring or M&As. All of this will have consequences on the risk premium required by investors. It will also have consequences on economic growth and employment.
The S&P 500 is down 15.3% in the first 66 trading days of 2025, the 4th worst start to a year in history.
Source: Charlie Bilello
