13 June 2016

SP 500 and NDX Futures Daily Charts - Sell Off On European Jitters

Stocks were in sell off mode today, and VIX measure of volatility spiked higher.

The primary driver of this is the recognition that the world economy is deeply troubled, and the public in general is starting to reject the corporatist globalism that lies at the heart of constructions like the trade treaties and the transnational bank bailouts.

We will be watching for the economic news from the US for the rest of the week, and especially for any actions from the Feds, Bank of Japan, and the ECB.

Have a pleasant evening.