All-time Uncertainty at Market Highs!
Everything is up! Except it’s not!
Volatility Crushed in SP500
VVIX
Massive Contago /VX
Russell/NASDAQ Volatility holding up
Bonds Bid with Financials Bid?
Correlation Chaos –
—metals
—oil
—crypto
—SP500
—dollar
—inflation
at a loss for words?
Nope… we lost an asset class, thanks FED
SRVIX seeing near record highs
Traders aggressively ignoring risk
—Whang up in Flames? Buy it!
—low returns makes funds do horrible things…
—FED put is in
SPX Expected Move
–last week EM– 59.65 (4 day week)
–next week– 57.96 expected move
