Weekly Market Indicators, June 6
Consumer savings closing in on 5-year lows and consumer credit hitting decade highs. Consumer credit velocity reaching 1980s levels.
Markets down Friday after much higher-than-expected CPI print which erases all speculation of a “Fed Put” or a “September pause”. Notably, Financials down.
VVIX remains cheap relative to its lower bound. Could be a signal for interesting derivative trading opportunities or just a nice entry for a cheap hedge.
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