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From the Market Ear:
Big in small
Russell extending the break out move. This looks like an inverse head and shoulders formation. Plenty of room to run before we reach trend channel highs.
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The Russell fear fade
Russell volatility, RVX, just closed at the lowest levels since March. Tech volatility, VXN, not so much…
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Wow
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.