November Turns 1
Post Election Brief "Jetzt haben wir den Salad", the Germans say, which translates as, "Now we've got the salad". Trump is president-elect. Family harmonies still ruptur over lunch discussions, as to how the US got itself into hot soup but - like it or not - they will have to eat it. When opinions become too one-sided before an event, the chances of an unexpected outcome are high, - and I did warn about it just last Monday, Volatility revisited CBOE BREXIT TO TRUMP, source: chartnexus To follow through here the updated chart of the volatility that I talked about before the election . The pale arrows in the orange oval indicated my expectations. But they were thwarted. Volatility fell far lower, almost touching the trend line drawn from previous lows, thus acting as a support line. We are at an important juncture time-wise, despite the confusion in the markets. If market participants continue to respond as panicky as they did all l...