No Trend, Just TurbulenceMarkets are going nowhere fast, but the journey has rarely been this violent. Semiconductors, Korea, leveraged ETFs and tech volatility are all flashing the same message: beneath the surface, market structure is becoming increasingly unstable. We are not calling for a crash. We are simply pointing out that volatility is behaving in ways usually associated with much later stages of a cycle.Volatility is the truth. Right now, it is screaming for attention.
This Is What A Broken Market Looks Like
The VXN/VIX ratio has exploded. The market is not simply becoming more volatile. The market's most important narrative is becoming more volatile.








