Is this the SELL OFF we all are waiting for? The big market correction? VIX hit new high and trying to catch up with the March spike. The VIX is the Volatility Index for Options but reflexes the markets. When it goes up traders are selling.
The Beijing Biden Administration is now printing money like crazy. Paying you more to stay at home then filling the job openings. This heats inflation we all were waiting for.
The annual inflation rate in the US soared to
4.2% in April of 2021
from 2.6% in March and well above market forecasts of 3.6%. It is the highest reading since September of 2008.
With the killing of the XL Pipeline and new regulations the gasoline shortage in the US is intensifying while the Administration vows not to intervene on a Hacker attack on US interests. WOW!
This will help the the Green Gang Bangers and Reds but not the poor. They will pay more. And they will pay more taxes too, to pay governments credit cards. You voted for it and you get it!
https://tradingeconomics.com/united-states/inflation-cpi
For Canada
https://tradingeconomics.com/canada/forecast
And we saw for a second day in a row that the SPYder tanked and so all other indexes! Inflation Fear hits the markets. I secured my position in ARKQ and I hope it will hold. I closed some other positions for a loss and hedged the rest. We are good now. We will see.
With the 1,000 rockets fired onto Israel, sponsored by Iran /Russia /China and the UN and the Hacker attack on US infrastructure the Biden administration is challenged and tested. WHO will they support? What will be their response. Weak Biden and Commie Harris dont work for America.
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