The performance in this sector, and in this one stock, is impressive
The VIX is up over 28% as the markets have decided this week is shaping up to be the weak for “Fear”. The question is whether the fear is peaking or only just beginning?
A scan of the major headlines show mixed signals:
CNN has gone full war drum with “multiple sources” providing vast knowledge as to the details of North Korea’s plan to attack Guam with a missile strike in just a few days:
A North Korean plan to fire four missiles near the US Pacific territory of Guam will be ready for Kim Jong Un’s consideration in days
The sudden escalation in tensions in the past week came after US intelligence analysts assessed that North Korea had produced a miniaturized nuclear warhead, according to multiple sources familiar with the analysis of North Korea’s missile and nuclear program.
Reuters is leading with the title “China seethes on sideline of North Korea crisis, they do, however, just straight to the point in that:
China is largely sitting out the latest crisis with nuclear-armed Pyongyang.
The financial press is not sure what to make of it. Bloomberg is focused domestically (albeit on the topic of Trump/Russian interference) with Mueller’s home raids and subpoenas dominating the headlines, Market Watch is firmly in the “fear trade” camp with their lead, and Yahoo Finance, well, the seem to not be able to get over Disney dumping Netflix:
The primary silver miner is leading all other miner in the sector, including everybody’s favorite triple-leveraged ETF JNUG. Which reminds us that we asked if metals were now finally turning around after the AG fell below $6 and put in another new low on the year just 48 hours ago: