Has the Pullback in U.S. Stocks Finally Begun? Key Strategies to Watch Right Now
In my previous post, I reminded everyone to pay attention to the short-term trading opportunity at the bottom of VIX, as well as the still-bullish opportunity in short-term crude oil deferred-month contracts, namely the September WTI crude oil contract. A week has passed, and both of those calls have played out: VIX has already bottomed and turned higher: The September crude oil futures contract has rebounded continuously from the bottom, already rising 17 points from its low: This time, let’s talk about the warning I have been repeatedly giving everyone: the issue of a medium- to short-term phased pullback in U.S. stocks. As the U.S. dollar index and U.S. Treasury yields have both moved higher recently, global bond yields have broadly risen, and a pullback in global risk assets, character