Yes it's true, even Mr. Met can't take this bullpen any more. He has taken leave from the team to spend more time with his family.
Before he left though, he noted the VIX dippage. And pointed out that only a few month's ago, mid 17 VIX seemed high.
And I couldn't argue with him. We may be back in the mode of the last few years with small rallies almost every day and perpetually declining options. In which case a VIX here is indeed high.
That's not my opinion right now, but then again I am not in the mascot Hall of Fame either. What makes me think that? Longer term volatility "looks" like the VIX futures, and "regular" option pricing out on the curve, has sold off recently, but even with that continues to predict higher volatility going forward.
2 comments:
Im wondering if the rate cuts are going to lead the dramatic and final blowoff in EM's. It doesnt look the US is going to get going until the banks can get going.
The EM trading is getting wild.
yeah, does feel like they're in some sort of blowoff. Briefing yesterday had a funny list of pre-market gainers. It was "chinese stocks, solar stocks, and Chinese Solar stocks". Talk about being in a wheelhouse if you're a Chinese Solar company, lol.
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