MacroVoices #370 Adam Rozencwajg: Energy, Gold, Copper & Uranium
Macro Voices
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The VIX Isn't as Meaningful as It Once Was
The Russell over NASDAQ ratio shows how small caps have massively underperformed. The financials continue to lag and even the big money center banks have barely rebounded from the banking crisis. With a VIX of around 20 or so, we're expecting about 1.25% broad market moves each day but we can stay suppressed and see intraday moves that are much larger.
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