sp'daily5
VIX'daily3
Summary
US equities opened broadly lower, pressured via other world markets, Trump comments on China, and Buffett/Berkshire bailing on the airline stocks.
The SPX printed 2797, and then churned into the afternoon, seeing a little spike upward to 2844, and settling at 2842.
Volatility was itself a little choppy, the VIX printing 40.32, and settling -3.3% at 35.97.
Your views...
39.7% don't believe negative rates are coming any time soon. I expect Print Central to take rates negative.. whether by year end, or within 2021.
Perhaps the ultimate issue is when the Fed will start buying stocks and/or related stock ETFs. A little over half believe the Fed will buying stocks by year end. Certainly, I see that happening if sp'1700/1500.
There is a broad split on whether the market breaks <2191.
56% expect front month WTIC to turn negative by mid May, as does yours truly. I will just add, that I see the oil ETF of USO as problematic, and would rather short via something like XLE, or even via the Dow components of CVX or XOM.
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