AAP Podcast #43 - Why Bob Lang is Watching the Cboe Volatility Index

On this post-Independence Day edition of the AAP Podcast, Chris Versace is joined by Bob Lang to discuss the Fed’s latest policy meeting minutes, the consumer and the housing market, membership business models, and the year-end holiday shopping season. Bob shares that he agrees with AAP team member Carley Garner that we could see the S&P 500 reach 4,500-4,520 if not a tad higher, and that he sees strong technical support at 4,400 and again at 4,350 and 4,335. The two also discuss why Bob is closely watching the Cboe Volatility Index (VIX) and why, at least for now, it suggests wide swings in the market are likely to be kept to a minimum. We also talk about signals in the VIX that would point to wider market swings ahead. Bob and Chris discuss Netflix (NFLX), Amazon (AMZN), and Costco (COST) as well as Coty (COTY) and Morgan Stanley (MS) during their time together as well as which economic data point each of them will be watching in the coming days.

 

Editor's note: Please be aware a short gap of silence occurs once during the conversation when the signal briefly cuts out.