The VIX (VIX) — It’s been quite a ride for the VIX over the last six months.
After sharp rises in May and June, it lulled for a while until another spike last week.
Investors are assessing whether the recent moves are a head-fake or something more.
It’s sitting at a hair below $30, and many have been waiting for it to cross $40, which has been a reliable signal in the past few decades of a market bottom.
The VIX ended the day down 3.59%.
The US Dollar (DXY) — Although it can cause a host of global issues, a really strong dollar is a great inflation-fighting weapon domestically.
But the biggest US companies, which heavily influence the direction of the economy, have global operations.
For them, the benefits of dollar strength are tempered by foreign exchange headaches.
All-in-all, a pause in the dollar’s rapid rise is probably good for the global economy at this point.
DXY is down 3.45% in the past week.
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