Markets News 

Former Target manager sticks to volatility strategy that made him millions as ‘three-headed horseman’ looms over market

“Maintain core short-VOL positions until they reach a 90%+ profit profile if the market environment remains optimal to do so 5” writes Shawn Langlois for marketwatch.com. Regardless of whether the worst-case scenario unfolds and sets off a mass market exodus, Golden says he will stick to his “long against the box volatility.”. Golden, now the chief market strategist for the Finom Group, was one of those guys. Source: marketwatch.com Share This:

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Markets News 

Cramer: Charts suggest S&P 500 could make new all-time highs by the end of 2018

“With the stock market nearing the all-time highs it reached in January, CNBC’s Jim Cramer knows investors are starting to wonder if these levels are sustainable” writes Elizabeth Gurdus for cnbc.com. To answer these questions, Cramer enlisted the help of technician Mark Sebastian, the founder of OptionPit.com, Cramer’s colleague at RealMoney.com and “Mad Money’s” resident expert on market volatility.The VIX tracks monthly S&P 500 options to measure implied volatility, or the amount of uncertainty in the size and direction of changes in a market. Source: cnbc.com Share This:

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Markets News 

A 15% weekly fall in Wall Street’s ‘fear index’ suggests trade-war jitters are fading

“The VIX–another name for the fear index, referring to its ticker symbol–tends to climb as stocks fall” writes Mark Decambre for marketwatch.com. Wall Street’s so-called fear index has been receding in the past week, even as tensions around trade between the U.S. and its counterparts across the globe have been escalating. According to Morgan Stanley’s wealth management group, Wall Street may be underestimating the implications for the economy and markets.A weekly decline exceeding around 14.5% would represent its steepest fall since the week ended April 13, when it declined by…

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Markets News Stocks 

What did we learn from the most crucial week of the stock market’s year?

“The S&P 500 index SPX, -0.10% ended the week essentially flat, managing the narrowest of weekly gains, up 0.02% to 2,779.66, while the Dow Jones Industrial Average DJIA, -0.34% posted a weekly decline of 0.9%” writes Mark Decambre for marketwatch.com. Normally, short-dated yields are lower than longer-dated paper because investors tend to demand richer yields for lending further into the future.Markets have stalled out in recent trade, with the year’s second quarter approaching an end. Source: marketwatch.com Share This:

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Markets News Stocks 

What the stock market’s most crucial week of the year tells us about the road ahead

“The S&P 500 index SPX, -0.10% ended the week essentially flat, managing the narrowest of weekly gains, up 0.02% to 2,779.66, while the Dow Jones Industrial Average DJIA, -0.34% posted a weekly decline of 0.9%” writes Mark Decambre for marketwatch.com. Normally, short-dated yields are lower than longer-dated paper because investors tend to demand richer yields for lending further into the future.Markets have stalled out in recent trade, with the year’s second quarter approaching an end. Source: marketwatch.com Share This:

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Crypto News 

Professor Who Rang VIX Alarm Says Tether Used to Boost Bitcoin

“It fell 1.4 percent Wednesday to $6,441.17, according to price data compiled by Bloomberg” writes Matthew Leising for bloomberg.com. The analysis showed a pattern of Bitcoin price support, Griffin said.When Bitcoin’s price fell, purchases with Tether tended to increase, helping to reverse the decline.In the cases examined, new Tether had been issued within the prior three days, and Bitcoin’s price had fallen in the prior hour. Source: bloomberg.com Share This:

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Markets News Stocks 

A 1-day spike in Wall Street’s ‘fear index’ made Goldman $200 million

“The volatility gauge tends to move inversely to equity indexes” writes Mark Decambre for marketwatch.com. Earlier this year, Goldman Sachs booked a roughly $200 million gain in one day, partly on bets that a long-dormant gauge of volatility would surge, ending a protracted period of placidity on Wall Street. Goldman has been less trading focused of late, pouring money into consumer banking and hiring senior executives in its investment-banking and technology divisions. Source: marketwatch.com Share This:

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Markets News 

A striking stat about Wall Street’s ‘fear gauge’ sums up new era of volatility

“The Cboe Volatility Index, considered Wall Street’s “fear gauge” as a measure of swings expected in the market, has roared back this year after many months of muted moves” writes Gabriel Bouys for cnbc.com. The VIX’s average since 1995 is 21, said Dennis Davitt, portfolio manager and partner at Harvest Volatility Management.According to a CNBC analysis, the VIX’s average level this year is 17.11; that’s higher than the average for all of 2015 (16.68), 2016 (15.84) and 2017 (11.10).While that range is just about in line with the index’s long-term…

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