SOMETHING WICKED THIS WAY COMES - UPDATE 2
Update: 2025-09-04
Description
The Gold/S&P 500 ratio got back to the 200MDA, and then spiked again.
Which makes a larger turn in the market more likely, implying either a bigger fall in the S&P 500 or a larger spike in gold.
And GLD/TLT finally broke out of its range.
Credit spreads have widened a tad - from very low levels.
8 month VIX continues to trade richly - something I have taken to imply that investors are keen to hedge risk.
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