At the moment the market is rallying, but there is no volume. It is all about Fed money and algos “hot money” (the millisecond trade in and out).
Fisher (one of Federal Reserve presidents) expressed concern at almost no volatility in markets.
The Bundesbank (Germany Federal Reserve) warned “we see risks – despite the fact that markets are calm,” and perhaps incredibly suggested investors “flatten all risks now to avoid the herd behavior.”
The last time volatility was so low it was in 2007. Well, this time you can’t say I have not been warned.
I am not panicking, but alert. And you should be.
investorpolitico 