Monday Macro – More reasons to be cautious about the US, China Tech stocks on a roll, and gold ETFs

The amber warning signs are beginning to flash on the US economy

Last week was another fairly dismal week for equities, with the volatility index, the Vix, advancing to close to its long-term average – the Vix hit 18.5 last week.

Among other equity benchmarks, the S&P Mid Cap 400 index was in the red, down 3%, the NASDAQ Composite, down 2.5% and our very own FTSE 250 index, down 1.9%. The S&P 500 also declined 1.6%; …