Markets were already in trouble before Friday and the bombings in Paris certainly shouldn’t help. In early Sunday evening trade, Australia was down over 1% while tech and Europe nearly 1% but all were paring losses. It could’ve been a lot worse.
Implied volatility came screaming off as the stock market rallied on Tuesday. The catalyst was a warm and fuzzy feeling flowing from China after the central bank slashed interest rates in an effort to help stem the tide of selling.
But that’s not all. As you know the bottoming process spreads out during 3 days from March 6-9; so that means the whole week will be a big time golden spiral window. Just stay with us, you’ll see. We’ve caught just about every important market turn for the past 16 years.