MS Mike Wilson: Summing It Up: 2020≠ 1999
Going back to the1999 analogy, today’s recessionary environment is very different from 1999 when the economy was booming and most companies were engaging in classic late-cycle behavior that entails excessive spending on capex, including technology goods. As a result, many of the largest tech companies w…[Read more]

Thrasher Analytics: Volatility: We move this week into Vol expiration with spot VIX sitting just under 26 as of Friday. The elevated Vol curve is one of the reasons inst’l investors have been kept out of this market due to risk management protocols. The Volatility of VIX (VVIX) began to move higher late-last week and several of the inputs of the V…[Read more]