🍔The Most Hated Rally
Midweek market review and key charts to know
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FOMO rally
August has been all about VIX (the volatility index). After the VIX-plosion, volatility calmed down at the fastest rate ever seen. As traders stepped back in to short volatility, stocks have been systematically dragged upwards. We are now seeing the most hated rally as the SPX is up 8 consecutive days. When markets rise this fast, investors feel FOMO and rush to buy, reinforcing the cycle.
Our paid subscribers will know we bought a tranche last week (great timing near the bottom, might I add) and are waiting for another entry to spend our remaining cash. If SPX continues running, we will force o…
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