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    Volatility Reports 2/7/24

    February 7, 2024

February 7, 2024

Volatility Reports 2/7/24

“Make no mistake where you are- This is it – Your backs to the corner -This is it -Don’t be a fool anymore -This is it.”  Kenny Logins 1979

 

Regarding economic or “other than market” news or events, Reuters’ provides some of the best reporting in the world. I read Reuters Morning Bid U.S with my coffee. Today’s top two paragraphs are positive, so doubtful anything in it will be the catalyst for a high pivot. its to most anti-intuitive for anyone to be calling for a top on what they had to say this morning.

To be sure, its does not pay to always be contrarian, sometimes you have to run with the heard. News can be spun in either political directions. But after prolonged trends, it does pay large dividends, and markets will peak on good news and bottom on bad as a rule. Today things look rosy, the declining VIX has been discounting the war actions to cool off, and so we may have a new give peace a chance narrative for a while.

 

Regarding scenario for the year to be clear from Market Mapping:

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