Volatility Alert: Brace for a Big Spike in the CBOE Volatility Index (VIX)

We are in a high-risk period. The ratio of lumber prices to gold prices has utterly collapsed as gold continues to hit record highs. Utility stocks are also showing strength relative to the S&P 500, something you typically see in advance of high-volatility junctures for equities. Treasurys are still quite volatile, but they are outperforming on specific days when stocks are down.In other words, the flight-to-safety trade looks like it’s trying to assert itself against inflationary headwinds. We are in a sto ...