As the trade war got a bit out of hand, the Volatility Index spiked from about 17.25 to a high of about 60.13. As of Friday, it pulled back to 17.25 thanks to cooling trade tensions.
Unfortunately, the VIX is now likely to shoot higher again on a US debt downgrade.
Moody’s said it had cut the U.S. rating by one notch, to Aa1 from Aaa, and that the move “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns.”
Until the news is fully digested, markets could be a bloodbath this week.
Volatility could spike again.
But instead of getting chased by the chaos, sit tight. Don’t sell anything – especially with our historically resilient markets. And be sure to bet on heightened volatility with ETFs such as:
ProShares Ultra VIX Short-Term Futures ETF (UVXY) — The ETF was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. When the VIX pops, the UVXY typically follows.
iPath S&P 500 VIX Short-Term Futures (VXX) — The VXX ETN provides exposure to the S&P 500 VIX Short-Term Futures Index.
ProShares VIX Short-Term Futures ETF (VIXY) — ProShares VIX Short-Term Futures ETF provides long exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.
P.S. Chart of Day: Match Group (SYM: MTCH)
Keep an eye on Match Group (MTCH).
After finding double-bottom support at $27, the dating site stock is now back up to $29.25. From here, we’d like to see it retest $33 initially.
Helping, CEO Spencer Rascoff recently bought $2 million for 70,885 shares.
He paid an average price of $27.89 a share for 53,398 of them and an average price of $28.54 for 17,487. Rascoff already bought $2 million worth of shares at an average price of $34.41 on Feb. 6. He now owns 137,478 shares of Match.
And, as quoted by Barron’s, “100 days in as CEO and more confident than ever in our team and Match Group’s future. Friday, I purchased $2 million of stock of MTCH, in addition to the $2 million I bought last quarter. Energized by the responsibility and privilege of defining the future of connections for this category.”
Even better, the company declared a quarterly dividend of 19 cents per share, which is payable on July 18 to shareholders of record as of July 3.
As markets brace for more volatility and investors flock to safe havens, a massive shift is happening behind the scenes—one that even Wall Street’s elite are scrambling to get ahead of. Elon Musk’s secret new venture is quietly drawing billions from the biggest names in tech and finance… and early investors are lining up to claim their stake before the official launch.
Trending Now: Elon’s secret new venture nobody else is telling you about yet
Silicon Valley insider and angel investor Jeff Brown just revealed Elon Musk’s secret master plan.
Billionaires and investment firms know what’s coming, and they’re investing billions of dollars:
Silicon Valley investment firm Andreessen Horowitz is in for $400 million…
Binance is in for $500 million…
Sequoia Capital… $800 million…
Oracle founder Larry Ellison invested $1 billion…
Fidelity Investments invested a whopping $19.6 BILLION…
The list of deep-pocketed partners goes on.
And the biggest partner of all?
VISA.
For 2025 and beyond, Visa’s Global Head of Small Business says they want to be “everywhere money is moving.”
Elon just added another $150 million of his own money, too.
Sending an unmistakable signal to sharp investors everywhere:
The time to get in on Elon’s secret new venture is NOW.
Click here to see how to claim your stake before they launch.
