The correlation between SPX and VIX is both extraordinary and consistent. That said, we have exercised a lot of the immediate risk premium that was pumped up during the August market panic. For the short-term trader, that means the low hanging fruit has been picked. Is there underlying confidence from the the buy-and-hold crowd out there to carry us further or was this just short-term speculative move that has hit its limits? We will soon find out.
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treksis
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This week, thursday ECB Dove // next week, FOMC Dove
It is not south at least for 2 weeks.
It is not south at least for 2 weeks.