Monday, September 29, 2014

The three standard deviations brigade

Three charts:

Emerging markets are beyond -2SD. Big risk-off move, batman. It's even <-2SD on the weekly.

High-yield is -3SD. Again with the risk-off.

And $VIX is +3SD, with big Bollinger bands too.

Widening Bollinger bands with 3SD moves is pretty interesting, I'll give you that. Dunno what's going on here, but it probably involves a lot of piddled pink panties.

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