ZH: Sept. 9, 2016
Complacency Is At An All Time Extreme
In other words, the last volatility cycle is in progress...
Momentum
Oil and junk bonds:
Look at the volatility pattern from 1987.
The Brexit rally was a bull trap aka. fifth wave overthrow. It's the market top equivalent of the Lehman low (March 2009)...
Doh!
