The depression to recession phase that the U.S. is in right now, doesn't classify as a recovery. A recovery would be a year over year basis quad 2, which we are far from economically. Volume was up 36% from a one month average yesterday, and yet the SPX had a downday? Why? It's simple, sectors. Energy, healthcare, and cross asset asset volatility at 51, for treasury bond bulls this is a prime indicator for me today.
Gold volatility up 45%, that's a 65% gap between the russell 2k or gold.
Gold volatility up 45%, that's a 65% gap between the russell 2k or gold.
