Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.
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Yep, there was a hurricane all right. It wasn’t the one Macro Tourists are looking at (Hurricane Milton) when “seeing” the move in Utes. It was an epic resumption volatility in Hurricane MOVE Index! A) This time the MOVE moved +2408 basis points in a day to 124! B) Our Tier1 Alpha “Hedging Stress Index” went to its 2nd highest level since 2022 on that Nope, they still didn’t “see” that. CNBC, that is. They were still staring at NVDA being up all day instead. |
