The Cboe Volatility Index — or VIX, also known as the market's fear gauge — has retreated from a record high in recent weeks as stocks have recovered from their recent lows. Bank of America derivatives strategists found that this commonly cited index does not paint the full picture of what to expect in the months ahead. They believe stocks are likely to retest the lows, and recommend a hedge that bets on lower equities and a higher gold price.Click here for more BI Prime stories.To get more news about Sink into, you can visit wikifx news official website.
The fastest bear market in history still has more drama up its sleeve, according to derivatives strategists at Bank of America. A counterpoint can be found in the CBOE Volatility Index, or VIX, which reflects traders' future expectations for stock fluctuations. It is widely known as the market's fear gauge and tends to move in the opposite direction to the S&P 500. When the benchmark index experienced its fastest drop in record mid-March, the VIX mirrored it with a spike above 82, its highest level since November 2008. It has since rolled back to near 34, and the decline from the March 16 peak through April 27 was one of the fastest in history, according to data compiled by Bank of America.But this decline is masking other indicators that suggest the coronavirus crisis will trigger more volatility, the bank's strategists including Gonzalo Asis said in a recent note. They found that longer-dated volatility futures, including contracts that expire in six months, were rallying even as the popular spot-dated VIX was declining.
A closer look into the historical relationship between the spot VIX and six-month futures adds more heft to their conclusion. There have been 105 days since 1990 when the VIX closed above 30 six months after it first crossed that level. However, only three of those days were outside of bear markets, indicating that an elevated VIX — like the one we have now — is historically more prevalent during bear markets. “Assuming VIX futures markets are pricing in this fact, the 6th VIX future trading above 30 suggests the expectation is that the bear market is likely not over,” Asis said.
He added, “our view remains that US equities are in a bear market rally and that they are likely to retest the lows before a full recovery, a view supported by strong historical evidence.”Hedge a sell-off with goldIt is prudent for investors to hedge the downside risk in stocks, Asis said. His recommendation to add portfolio protection by executing trades that wager on a rise in the price of gold, via the SPDR Gold Trust exchange-traded fund. “To cheapen equity hedges, we like trades that are both short equities and long gold, such as SPX puts contingent on gold higher and SPX down/gold up dual digitals,” he said. Investors who had counted on gold as a hedge during the recent plunge in stocks may be surprised at this recommendation since the precious metal also fell 13%.
Asis explained that gold sold off with stocks in an environment of “peak panic” — and it was not the first time. During the initial meltdowns of 1987, 2002, and 2008, gold also failed as a hedge in the early rush to sell. But during subsequent declines that were driven less by panic, gold was bid up as a safe-haven asset. “Our commodity strategists expect substantially more upside over the near- and medium-term as 'the Fed can't print gold', raising last week their 2020YE average price to $1,800/oz. and their 18-month gold target from $2,000 to $3,000/oz,” Asis added.With that in mind, his two trade recommendations are listed below verbatim:1. (Hybrid): Buy SPX Sep 2500 put (87%) contingent on GLD /> 180 (111%) for 0.75% (80% disc., ref. 2878.48, 161.56)
Best for a more bearish equity view. The 2500 SPX strike is 11% above Mar lows. The 180 GLD strike corresponds to ~$1,900/oz., near all-time highs & in line with our commodity strategists' $1,800 $/oz. avg. price by year end2. (Dual digital): Buy Sep SPX 105% for a 10-to-1 payout (ref. 2878.48, 161.56)Best for a moderately bearish equity view. Roughly corresponds to SPX 2675 and gold at $1,800/oz.

Hertz is preparing for a potential bankruptcy filing, The Wall Street Journal reported Wednesday.The situation is fluid, sources told the paper, as the company hopes to reduce lease payments by May 4.The company laid off 10,000 employees — more than a quarter of its total workforce — in April.Visit Business Insider's homepage for more stories.To get more news about BoE, you can visit wikifx news official website.
Car-rental company Hertz is preparing for a potential bankruptcy filing, The Wall Street Journal reported Wednesday, as the coronavirus pandemic brings nearly all travel to a standstill.People familiar with the matter told the paper that Hertz is working to reduce its debt payments and is in talks on a forbearance agreement that could help it avoid bankruptcy. The situation remains fluid, according to the Journal's sources.Hertz did not immediately respond to a request for comment from Business Insider. Shares of Hertz declined more than 15% in trading Wednesday, as broader indices rose, following The Wall Street Journal's report.
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The news of a possible bankruptcy arrives two days after Hertz on Monday said in a regulatory filing that it “did not make certain payments” on its operating lease as it remains in discussions with lenders to reduce its payments. If those discussions aren't fruitful by the first week of May, “Hertz could be materially and negatively impacted,” it said.Earlier in April, the company laid off 10,000 workers — about 26% of its workforce at the end of 2019 — “in an effort to align staffing levels with travel demand.”Ryan Brinkman, an analyst at JPMorgan, theorized on April 23 that government assistance could help Hertz remain solvent. “We do think a potentially large amount of cash could be made available to Hertz from the federal government, potentially solving any liquidity concerns, although we are also uncertain with regard to the terms,” he said in a note to clients.

The Australian and New Zealand Dollars plunged over one percent against the Greenback along with US equity futures early into Asias Wednesday trading session. The catalyst appeared to be concern about delays regarding the implementation of a $2 trillion fiscal plan from the government overseeing the largest economy in the world. Sentiment in Asia was also soured by dismal advanced GDP data from Singapore.To get more news about AMP, you can visit wikifx news official website.
BANK OF ENGLAND RATE DECISION, BOND PURCHASING PROGRAM
The British Pound may fall following the Bank of England rate decision and announcement regarding the central banks bond-purchasing program. The benchmark lending rate is anticipated to stay 0.10 percent with expectations purchases will increase to 635 billion GBP, up from the prior 435 billion. This liquidity-emergency mechanism is known as the Contingent Term Repo Facility or CTRF for short.
The central bank will be conducting another operation of this kind on April 2. Even if interest rates remain unchanged, the size of the CTRF and commentary from officials may pressure the GBP. This comes despite massive stimulus measures announced by Chancellor of the Exchequer Rishi Sunak which involve paying 80 percent of wages to those unable to work during the coronavirus pandemic.
US JOBLESS CLAIMS: WHAT TO EXPECT
The US Dollar may recover some of its losses vs the British Pound and its G10 counterparts if US jobless claims data – with estimates for March at 1,640,000 – spurs haven demand and pushes the Greenback higher. However, risk aversion from the employment data may be offset by the ratification of a $2 trillion fiscal stimulus plan if both the Senate and House are able to find common ground.
GBP/USD TECHNICAL ANALYSIS
GBP/USD may shy away from testing former support-turned-resistance at 1.1959 and may even plunge below the 1985 swing-low at 1.4512. The upcoming fundamental factors may be the necessary inputs to catalyze an aggressive selloff in GBP/USD after the pair got some respite from a weakened US Dollar. However, that dynamic may quickly shift and push Cable into uncharted territory.

Someone has won the jackpot prize of $28 million by playing the SuperLotto Plus in California. The winning ticket matched all six numbers of Saturday's draw -- 03, 09, 23, 27, 35, along with Mega number 16. It was purchased at a 7-Eleven convenience store in National City.Get more news about 菲律宾彩票包网平台,you can vist loto98.com The winner has not come forward and only has 180 days from the draw date to claim the prize.

California lottery officials said that even though their offices are closed to the public during the pandemic, the claim processing periods are not affected by the current health crisis."In order to claim a prize, winners must mail their winning ticket and claim form, or the winner may elect to keep the ticket in a secure place and present the claim in person when our nine CA Lottery District Office locations reopen to the public at a later date," according to a press release from California Lottery. The store that sold the ticket will receive an estimated $140,000 bonus from the California lottery. "We are in a residential area and even though some stores in our area have closed, we have stayed open to serve our community," said Paul Morrow, the 7-Eleven location's franchisee, in the press release. "Selling Lottery products absolutely helps business, no doubt about it." He added that he isn't sure what he'll do with the bonus yet.

Revenue from the California lottery supports public education but it also provides commissions to stores based on the ticket sales. During late March and early April of this year, retailers across the state received over $7 million per week in commissions and bonuses from the lottery, according to officials. "This money directly helps local businesses -- most of which are independently-owned by entrepreneurs who are trying to stay afloat during these difficult times," reads the press release. http://www.web-atletica.it/index.php?module=pnForum&func=viewtopic&topic... http://freedomdawning.org/phorum/read.php?1,7361 http://thawunghospital.com/main/modules.php?name=Forums&file=viewtopic&p... https://www.camfaith.org/cforum/viewtopic.php?f=25&t=863297 http://gatmtb.com/forum/index.php?page=topicview&id=general-chat%2Fcan-i...

A South Carolina man had extra trouble convincing his wife that his $250,000 lottery win was legitimate due to her memories of a past prank.Get more news about 彩票包网平台,you can vist loto98.com

The Richburg man and his wife told South Carolina Education Lottery officials they don't normally play the lottery, but they won $10 on a ticket they received as a Christmas gift and used the money to buy another ticket, which was also a winner.The couple kept their winning streak going until the man stopped for take-out and bought a Money to the Max scratch-off that turned out to be a $250,000 winner.

The man had a difficult time convincing his wife the win was real, and for good reason -- he had previously pranked her with a fake winning ticket."I grabbed his face with both my hands and made him look me the eye," the wife recalled. "I asked, 'Are you messing with me?'The couple said their win came at just the right time.

"This is a life changer," said the wife. "Especially in these times."An Australian man who scored a lottery jackpot of nearly $800,000 said he bought his ticket by mistake while attempting to play a different drawing.

The Hobart, Tasmania, man told The Lott officials that he had meant to buy a different ticket when he visited Sandy Bay Lotteries.I actually wanted to play the Superdraw this weekend but accidentally bought an entry into last weekend's TattsLotto draw by mistake," he said. "So it's a mistake that led me to have this winning entry, but I'm very happy with that mistake!"

The man, who wanted to remain anonymous, collected a Division One prize of $785,303."Yesterday, I checked my ticket on my phone. I didn't know what to think. I thought it was a joke at first. Even now, I'm not so sure. I'm a bit overwhelmed," he said.

The winner said he is making plans for his prize money."I can't wait to clear the mortgage, then after that, we'll see. When we're allowed to go out, we'll go out and celebrate too," he said. http://msnho.com/blog/winning-lottery-ticket-spent-two-weeks-forgotten-s... http://www.tnterra.org/forum/index.php?p=/discussion/20526/winning-lotte... http://www.onechristianlove.com/member/blog_post_view.php?postId=39397 http://mehfeel.net/mehfeel/blogs/post/190287 http://www.socialwider.com/blog/489166/winning-lottery-ticket-spent-two-...

How to buy University of Idaho degree? Purchase University of Idaho diploma. University of Idaho, founded in 1891 in Caldwell, is a private college of Arts. How to get fake University of Idaho degree? At present, there are 1010 students in the school. And 60 full-time teachers. Still 10% international students and 1:9 teachers and students. But Albertson college in Idaho has a convenient campus network. Students can use the convenient campus network for learning and communication. And can use computers for online course selection. Still online classroom discussion, etc.To get more news about where can i buy a passport , you can visit 45degreesdesign news official website.
What kind of university is Idaho College? Buy fake diplomas and fake degree. In spite of Idaho College encourages students to participate in outdoor activities in their spare time. But which helps students make friends. Broaden their horizons and accumulate experience. Most of the outdoor leisure sports are adventurous.
Faculty: School of human and society. School of art, School of Asian Studies. Still School of biology. School of business. School of chemical engineering. How to get fake University of Idaho diploma? Still School of mathematics and natural sciences, School of modern language, School of music, Idaho College encourages students to participate in outdoor activities in their spare time. Still which helps students make friends. And broaden their horizons and accumulate experience. Most of the outdoor leisure sports are adventurous. Still belonging to extreme and sub extreme sports, which are very challenging and stimulating, aiming to embrace nature and challenge themselves. Idaho State University (bocatello) is a comprehensive public university in the United States, established by Idaho. And Idaho State University was founded in 1901. But In spite Idaho State University’s faculty to faculty ratio is

The dudes that finish winning against bums, jump OFF their win series assess who they are against and whether to nba 2k20 mt coins duck personally and to run over to you. Those would be the worst. So when you have a lot of randoms on your team, that I understand not wanted to play against a squad, I play with a lot of randoms. I understand hoping the court after a win off since you have found the randoms you're playing are dreadful. But I will never understand leaping back on and then hopping off to check out the competition.

Should you send them a message stating trash you are doing god's work. It's very important to shame them and make them feel bad. Lol what's the worst is going to ante up as your tired of folks hopping off the dots in park and getting them jump off in ante up it's like what are you doing there then you know there's going to be great players.Everybody scared to play some comp. They just await scrubs to jump on for easy wins. Have to place on the 2K defaults and stand to play me.

Been playing with pro am. Got sick and tired of everybody hopping off the place and running to another court when they visit SS3 or being around the squad area. 2K20 is full of course stars. I despise when allstar two's run from games. Are you attempting to protect your wins that are 32%? Grow up and perform, it is the only means to improve.Hey do not slander allstars lmao. I am a star 1 using a win rate. With are pro 3s with win percentages than myself. We play once every couple of days for two or an hour and just have lives.

But for those all celebrities with low win percentages who duck games against superstars and elites, I believe that is fair. Clearly they're not too good players but when it comes down to it they want to play NBA 2K to have fun, not to go up against superstars with a 60% higher win rate than them and will clearly cream them.I get that, I'm only saying all celebrities because it's people that don't have a lot of games in since they spend their time assessing documents and avoiding games. I work 45 a week and'm married, I know not enjoying a lot lol. I'm just a SS1 only nuts.

The only instances I duck or hop off is whether it's a group of elites and I've low ovr/rep tm8s I will play anybody so long as I got comparable ovr/rep tm8s. If theres someone they know they will lose to then they're going to jump off to reduce loss of overall or since it affects their win percentage.I run with Superstars and we hop off the spots all the time. We do it because we're playing agianst other individuals in our party. Some nights we have up to 12 people running 2 3v3 courts. What I despise is when we are hoping to play with each other and randoms keep trying to cheap mt nba 2k20 hop.Create NBA2KING Desktop Shortcuts For 3% Discount! 

The University of Central Florida (UCF), founded in 1963, is located in the sunny city of Orlando, Florida. How to get fake UCF transcripts? make a UCF transcripts. Order fake UCF transcripts online. Still covering an area of 1415 acres, the school has 180 teaching and office buildings of all kinds, with students from 148 countries and 50 states in the United States. But the University of Central Florida is the second largest university in the United States. The school not only provides internship opportunities, but also advertising and public relations. aerospace engineering, anthropology, architecture, art, art education, sports training. biology, biomedical science, biotechnology, business management, chemistry, chemistry (biochemical direction), civil engineering. Still communication science and obstacles, computer engineering, computer science, construction engineering, criminal justice Digital media.To get more news about how to buy a passport, you can visit 45degreesdesign news official website.

By 2018, there will be 68571 students from undergraduate to doctoral. In order to provide academic degrees and special professional degrees. But the university has set up 12 colleges. Fake transcripts. How to make a fake transcript? Fake high school diploma and transcripts. Make a fake transcript. official college transcript. How to spot a fake diploma? which can provide 224 certificates of different degrees. Among them, there are 101 undergraduate degrees, 88 master’s degrees, 29 research-oriented doctoral degrees and 3 professional doctoral degrees. The school is located about 21 kilometers east of downtown Orlando. 89 kilometers east of the school is the famous “Detong Beach”.
Since the 1990s, the University of Central Florida has developed rapidly, and its influence has expanded to the whole state of Florida, and it has 12 satellite campuses in the east central region of Florida.

In Shanghai, where 9 coronavirus-related pneumonia cases have been confirmed by China’s Centre for Disease Control on Tuesday, many citizens are still braving public spaces.To get more shanghai breaking news, you can visit shine news official website.

Aldergrove-born English teacher Sarah Van Vliet is currently in the city.“The atmosphere feels off and everyone is on edge,” she told the Aldergrove Star on Wednesday.

Even in a bustling metropolis like Shanghai with a population of over 24 million, Van Vliet said, protective face masks have largely sold out.It took the teacher eight different trips to drug stores in the Pudong district Wednesday morning to find and purchase a mask.

“Face masks. They have been sold out – none left” a sign on the front of a Pudong drugstore Van Vliet visited read.Hand sanitizer has been equally as difficult to find, Van Vliet noted.

With the number of reported infections from the virus climbing to 440 across 13 Chinese provinces, and concern that amount will rise, Shanghai’s streets and public transit have become an ocean of masks.Normally, people in the city only wear such protection when they suffer from the common cold or the flu, Van Vliet observed.

But since word has spread of the coronavirus, nearly every person the teacher has come across has worn one.And when most in Shanghai would normally gear up to travel as part of their Lunar New Year Plans, many decided to stay put.

“I had to cancel an overnight train ticket to Jihan because it just wasn’t worth the risk [of contracting the virus] to be on a train that long,” Van Vliet explained.The city’s airports and major transit hubs began taking passengers’ temperatures on Wednesday, as part of an effort to prevent the spread of the recent SARS-like virus outbreak, Shanghai Health Commission said in a press release.

In addition, the airport terminals as well as railway and bus stations have also enhanced sterilization processes and ventilation, it added.Experts from the Shanghai Center for Disease Control and Prevention have urged local residents to avoid outdoor activities, especially in crowded areas, to protect themselves from the respiratory illness.

Van Vliet avoided taking public transit Wednesday, venturing to purchase a car service instead to transport home and avoid close contact with city crowds.The new strain of coronavirus, termed 2019-nCoV, has government officials in Shanghai pleading with its citizens to wash their hands and wear surgical or respiratory-grade face masks.

The SARS (severe acute respiratory syndrome) virus that killed over 700 people in the 2000s was also a coronavirus. And so is the common cold.So far, nine people in China have died after contracting the new infection from in and around Wuhan, the central city where the coronavirus first emerged.

Wuhan, just 521 miles away from Shanghai, has been shutdown to visitors as well as flights and passenger train services, as of last week Thursday.

Can the power of art change your life? Can art change the world? It’s a question that many have asked and answered. Art, in its many forms, can reveal the power that we can acquire through the engagement and understanding of the stories behind art. For this reason, just filling a space in the wall with an image that has no meaning to you undervalues the power and impact that art can have. In fact, the power comes from you taking the risk to surround yourself with Art that inspires you, makes you feel the power that art can have.To get more news about art and its impact on society, you can visit shine news official website.

No one wants an empty life. A life lacking in colour, in drama and in story. This time of year can be a time of paralysis. Winter descends and the cold tightens its grip. Hibernation seems to be the best alternative. This is where the power of art becomes integral to moving forward. Dreaming of another time and place is integral to survival. And survival is where this year has began. The past few months have been a time that the relationships of power between men and women have been revealed. Movies, live theatre, literary and the music industry have all revealed that women are stating their case and choosing to be heard. Whether it’s in the media, or on the Golden Globes red carpet, it has been female artists that have taken the lead to state their cases.

The art they have made, the stories they tell, all come together to collectively state that 2018 is not a year of tolerance of sexist power structures. I believe I heard it state that this was a “tectonic” shift. Perhaps it is. Time will tell if there are changes. There are times that I create art that sets a clear truth, a story of women together, walking, striding to the same goal of recognition. The Empowered Series is an integral part of my artistic vision. The painting highlighted is titled “Greatest Show”.

This painting uses the glamorous Pan Am stewardesses as the point of departure. Women who were elegant and at the forefront of the professional definition of women’s work life. Yet there is a sarcastic twist to this image. A target practice image is set in the back ground with the text ‘greatest show’- which is from the circus promotion from Barnum and Bailey. These women walk with strength. But will they achieve their goal? I have been a feminist my entire adult life. I have yet to see equality, safety and respect for women. There is an expectation of a lesser accomplishments and stepping up is good. But will it be enough?