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Trading | July 3, 2017
After an optimistic overnight buying panic, markets nose-dived into the early close today led by Big Tech stocks…
With FANG at 2-month lows.
Bonds were also dumped as the dollar rallied.
However, the biggest mover on the day was Nasdaq ‘VIX’…
Which is now trading at its most fearful relative to S&P ‘VIX’ since 2002.
275% in one week on XLF - an index fund for the financial sector. Even 583%, in 7 days on XHB… an ETF of homebuilding companies in the S&P 500.
