Velocityshares Daily 2X Vix Medium Term (TVIZ)

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Market Wrap Day 5... Week 5

A day like none other. Risk is turned off by the zone and then two hours later turned back on by China. The black hole USD explodes upwards...and instead of sucking the world into it, expands all other asset classes.

Once the smoke cleared at the end of the day the growth indicators took a sizable hit, and the inflation indicators remained effectively unchanged.

For the day:

Growth factors -.33%

Inflation factors +.03%

Cumulative:

Growth factors 2.40%

Inflation factors -2.64%

Note: gap is closing with growth becoming smaller and inflation less negative or larger. If this continues it's forecasting stagflation. In the last Fed minutes a member said they would sacrifice growth for inflation...well this movement must make them happy.

For the day:

UUP +.82% => TLT +.60% => DIA +.51% => GLD +.46%

Cumulative:

UUP +1.85% => TLT +.19% => DIA +8.86% => -3.39%