The word “dominoes” was mentioned in conversation today and it was not in reference to that of the cheesy crust (ahem, the pizza we can no longer afford).The reference was in regard to market signals – as in, dominoes falling. Today’s moves led us back to 'Extreme Fear'...21/100, the VXN (NDX Volatility Index) above 40, Bitcoin nearing 29kn, AUDUSD < 0.70 and all 5 FAANG stocks in a bear market (MSFT broke $263 with next support 10% lower). Dominoes. Falling.
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