Today Was a Warning Shot
https://youtu.be/-DVA4QpezKA The market got a stick save today from a Trump administration tweet about Iran. Brandon Chapman thinks it only delayed the inevitable. The VIX three index ratio crossed above 1.2 last week with skew over 130. That combination has historically signaled a 5% to 10% correction in the S&P 500. Brandon walked through the setup that has him pulling risk off the table heading into NVIDIA’s Wednesday earnings. Semiconductors got roiled today before the Iran announcement reversed the slide. NVIDIA alone added over $200 billion in market cap last Thursday. Brandon believes the dispersion trade is starting to unwind. Money rotated into staples as NVIDIA weakened, with XLP closing up 1.49% on the session. Here’s what Brandon flagged in tonight’s video: The VIX three index ratio crossed above 1.2 last week, with skew above 130, signaling a 5% to 10% correction setup. Treasury yields broke through 4.5% today and