US headed for a ‘pretty severe’ recession, investor says
byu/Perfect_Alarm_2141 ineconomicCollapse
Oil hitting $100 = recession accelerated
+30% oil shocks have always led to a recession since 1972
The only exception was 2020
But consumers had a $3.5 trillion savings buffer
That’s not the case today pic.twitter.com/Qz5rvMaL7x
— Game of Trades (@GameofTrades_) September 2, 2024
"Gold and oil which are usually considered in a silo basis, are sounding alarm when considered cojointly … it takes more barrels of crude oil to purchase a single ounce of gold bullion – a clear warning signal for risk assets."
MUFG via @WallStJesus pic.twitter.com/gPdgHGG2yc
— Daily Chartbook (@dailychartbook) August 30, 2024
New Goldman Sachs Layoffs Surge Past 1,000
Options Trader Spends $9 Million Betting on September Volatility Spike
(Bloomberg) — While many traders on Wall Street had a foot out the door for the long Labor Day weekend, at least one investor was buying protection against a September selloff.
An options trader or traders bought call spreads on the Cboe Volatility Index — or VIX — expiring in September, spending upwards of $9 million to protect against a spike in the gauge of S&P 500 volatility past 22 from its current level of just over 15. A jump to that level would bring the VIX back to where it was Aug. 9, when the market was recovering from a sharp selloff.
There are reasons for investors to be wary of stocks retreating. September has historically been weak for the S&P 500, and this year, with the US presidential election around the corner, the month could be especially fraught. A slew of economic data ahead of the Federal Reserve’s interest-rate decision on Sept. 18 may shift expectations on how much, and how fast, the central bank will ease monetary policy.