Summer Markets: Where’s the Volatility?

Not just talking about stocks here. Everything that is usually moving is not and everything that usually doesn’t move has

been

moving.

Bonds: have been volatile, but will decline through the Summer, most likely. Will be highly dependent on “big economic data” because this market is being pseudo-driven by the Fed.

Oil: Has been doing nothing for the past 2 months, staying steady around $60 a barrel. Expect that to continue.

Stocks: nothing has happened ALL YEAR. Only things moving are Biotech and Healthcare. Momo’s are gone for now, techs are doing mostly nothing, industrials and consumer stocks also have been flat.

Currencies:

USD … has been movement and volatility but it’s leaving, just like in US bonds.
EUR … won’t be any volatility after the Greek 11th hour bailout. We’re in a world of bailouts.
JPY … recent movement appears like a blip
GBP … nothing. of course, why would there be? Why is GBP a “big 4” currency?

Chinese stocks are currently experiencing volatility but they’re in the middle of a massive run up so some sharp pull backs are definitely warranted. The PBOC is full-steam-ahead on that front. Cut rates and keep Shangahi airborne.

Earnings season is coming in July, so obviously some individual names will have vol there

Probably won’t be much movement anywhere through the summer until September when we wait for another “Fed rate hike.” Only potential volatility will come from a Grexit / Chinses crash … both I think are pretty unlikely. BAILOUT NATION(S) REMAINS SUPREME.

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Summer Markets: Where’s the Volatility?

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