Fear! But not enough…

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The Market Ear with the latest on fear. I’m still waiting for the big flush…


NASDAQ “fear” isn’t buying the “panic”

The VXN has stayed very “well behaved” despite the NASDAQ having moved lower recently. Regular readers of TME are familiar with the fact vol is about pace and not direction, but is VXN starting to tell us something about direction soon?


Refinitiv

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.