Last year, the Biden administration claimed two quarter of negative GDP didn’t mean we are in recession. Their argument was that other data like GDO (Gross Domestic Output) were still positive.
We are in a recession based on the definition they used last year. t.co/KGEtHpXaZr pic.twitter.com/Ffvf516XyR
— Wall Street Silver (@WallStreetSilv) June 16, 2023
U.S. Industrial Output CRATERS. Jobless Claims Hit TWO HEAR HIGH.
Very calm. t.co/xljdeSs9Oe pic.twitter.com/EljmRDTO6t
— Sven Henrich (@NorthmanTrader) June 16, 2023
Extreme VVIX / VIX divergence is a warning sign that we're in the final stages of the market cycle (blow off top). Currently at a divergence level only seen every few years.
This aligns with the SKEW divergence where OTM vs ITM Puts reach an extreme before a market reversal. t.co/PXrbtDyvaw pic.twitter.com/mhajXrw6JI
— Financelot (@FinanceLancelot) June 15, 2023
We're in the blow off top phase. OpEx will cause some volaility tomorrow and maybe early next week for VIX expiration, but this momentum could continue until the end of the month. t.co/a2cjQM8pji pic.twitter.com/WCUTbmXfXp
— Financelot (@FinanceLancelot) June 15, 2023