My models are indicating that another big market event is looming on the horizon. It’s too early to tell if it will be a Black (down) or Golden (up) swan type of event but we should be ready to go long or short the bejezus out the market.
Could this be a bull market breakout or just a resumption of the bear market trend lower? Only time will tell I guess.
On a completely different note, here’s a chart og the S&P500 closing price vs the 10 day lagged volatility. Notice the big spikes back in 2003? Notice the bigger spikes recently?
