Since its inception the Russian Vix has capture 3 events that have had world wide impacts with a pretty stochastic level of fear in each.....maybe. Currently sitting at its highest reading with what can only be compared to the possible onset of WW3 in Europe with their 1st military engagement in 75 years happening with one of the top 3 Super Powers involved. If the Vix captures fear then this is scary as fck right now to people close and not so close to this situation. Putin is 69 he didn't make this move lightly nor did he not plan for what is happening in response, a rush to conclusion that he's finished is a crowded trade & he has now responded by cutting exports of commodities like Crude Oil & Wheat long with fertilizer components that will press on food cost further than inflationary pressures had already been doing. Food & Energy are his tools to impose sanctions on the west and the last thing the world needs coming out of a pandemic with supply chain issues is an economic war but here we are. If this is the beginning of Putin's end game we are at a serious inflection point here. Below this level risk assets pump again above a Super-Cycle in commodities and a real challenge for the leadership of the free world takes place....