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Wednesday, May 01, 2013

"Risk-off" May Day

Further to my last post, this update shows that money flow, as of 10:30 am today (Wednesday), has been out of equities and commodities and into 30-Year Bonds, as shown on the graph below.

We'll see if that holds, worsens, or reverses after the release of the Fed meeting rate announcement and press statement today at 2:00 pm EST.


There's been a slight uptick in volatility today, as shown on the Daily chart of the VIX below. 14.00 seems to be a popular resistance/support level recently, so we'll see if it holds above (where it's sitting at the moment).