At the same time, the Volatility Index (VIX) is breaking out this morning, trading +6% at 22.65 as the US market hits her intraday lows. From a quantitative perspective in my model, a VIX trading anywhere north of the 21.63 level is bearish for US stocks.
From a risk factor perspective (for those of you who manage risk), these are two glaringly obvious facts. Both are "Trends". Both are negative.
Be careful out there,