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Liquor_and_Leverage
Jan 8, 2023 11:50 PM

SPY and VIX Correlation (No Levels, but a Regime Change) 

SPDR S&P 500 ETF TRUSTArca

Description

~.8-.9 inverse correlation between VIX and SPY.

Sometimes... they rally together. Rarely do the two correlate positively for extended periods of time.... Term structure will predict events, not a narrative.

Narratives backward rationalize the unknown-known.

All eyes on Japan, March, and May.

Stocks and VIX rally on XYZ, eerily. -WSJ Probably.

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