About this episode
(12/7/23) As recently as October the Volatility Index (VIX) was rising, spurring concerns about super-bearish outcomes; and as the VIX was very extended, we were looking for a reversal in November that would correspond with a rally...and what a rally it was! But volatility has since evaporated, and has more recently turned up on a buy signal, suggesting a potential push higher over the next week or so: Lower prices = higher volatility. The question is, what piece of news (we're looking at YOU, Federal Reserve) might be the trigger for that increased volatility? Meanwhile, oil prices continue to climb, and are over sold by two standard deviations below the moving average. We think any reversal in oil prices probably won't happen until after December. And despite the recent rally in Bitcoin, it's technically very over bought, at three standard deviations above the long term moving averages. We're looking for a pull back to the mid-30's for a better entry point. The entire asset class is very speculative. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=xfoZlCvRcrY&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Wall Street Analysts Are Optimistic For 2024" https://realinvestmentadvice.com/wall-street-analysts-are-optimistic-for-2024/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Volatility #VIX #MarketRally #OilPrices #Bitcoin #Markets #Money #Investing