August 24: Market pressured to open lower

Good morning, what we see are stocks trying to rally with flat futures prices. However, we saw a strong US Dollar and rising interest rates (yields on US Treasuries). We see an elevated VIX which means the price of downward protection is elevated, up about 25% over the past week.

Commodities are mixed, but the pressure from the US Dollar and interest rates will be bearish on US equities.

GLTA

Enjoy our video below. In it, we discuss Verizon Communications $VZ in great detail. We share what we saw when we decided to go long the calls on $VZ, and why the stock price dropped this week.