Joel Elconin – A Risk On Move Continues, USD Lower, VIX At Multi Year Lows, Gold and Bitcoin Continue To Breakout
Joel Elconin, Co-Host of the Benzinga PreMakret Prep Show and Editor of the PreMarket Prep website joins us to discuss the continued strength in markets. The US Dollar continues to move lower and money is going into a wide range of markets and different sectors. We point out the VIX (volatility index) is down to pre-pandemic levels, further confirming that investors are not as worried about a significant drop in the markets.
As much as we focus on the broad averages and key levels to watch for the S&P we also discuss the continued rise in gold and Bitcoin as well as commodities broadly. Joel recaps some retail sales data from Black Friday and Cyber Monday as well as recent Fed comments.