MacroVoices #376 Tian Yang: When the Recession Becomes Obvious
Macro Voices
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The VIX Is Down in the 16 Handle, Holding Down Along the Bottom in the Range
The only thing I think that can really get this market up to 4,300 and 4,400 on S&P is if the breath widens. Really those mega cap stocks are pretty exhausted. It's not that they can't go higher, but it'll be really hard for them to continue to carry all the weight. The VIX right now is at about 16.76 or so, almost about 17, which gives us an expect to move daily of about 1% in broad indexes.
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