URBN earnings, FB glasses, BAC bond-rigging settlement, BABA price target, AAPL iPhone fingerprint ID. Host Marley Kayden.
The single most important theme in the financial markets this past week was risk aversion. The Dow Jones Industrial Average experienced its largest one day decline in 3 months while the VIX, which measures the volatility in the equity market rose to its highest level since April.
If you thought this week’s drop in stocks was bad, a bear market, or a 20% decline in stocks, is on the horizon, according to Peter Schiff, CEO of Euro Pacific Capital.
Google parent Alphabet recaptured its place as hedge-fund darling in the second quarter this year.
Volatility very elastic, VIX futures, VVIX over 100, Sept call activity and open interest. Host Dan Deming.
As the US stock market gets into its eighth year of gains, and with global markets caught up in a bull market for stocks and other assets, the FT’s Dan McCrum says the big question is, what will make markets crash and when will it happen?
Gold pushed through well defined horizontal resistance to trade above the major psychological level of $1,300 an ounce in early trading on Friday.
The second largest drop in US equities this year has spilled over to drag global markets lower. The MSCI Asia Pacific Index fell nearly 0.5%, snapping a four-day advance and cutting this week’s gain in half.