Bigworld, The market is teetering on a flush, barring some last minute reprieve from Demented Don. For the S+P 500 and Nasdaq, near term support is the previous March low, but the current charts look they will fall right through. Next chart support for the S+P 500 should be 5400, and then 5200, and 5000.
Best case, Trump would need to immediately reverse course on the tariffs. That isn't likely to happen, but even if he appears to back off some, the monthly economic data will continue to deteriorate this year. So not a good backdrop for stocks, or the SVIX. The near term hope for SVIX is that Trump backs off (or appears to), and we get a stock rally, but the 'reprieve' doesn't last very long.
Anyway, looks like a lousy market for some time (imo). If global panic sets in, then we really have problems..
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