Explore quick thoughts, reactions, and opinions from traders as the market moves. Short, conversational posts that help you gauge sentiment and see what's on traders' minds right now.
Reason: Volatility index is expanding as market uncertainty rises. Increasing demand for hedging may support further upside if bullish momentum continues. 📈
VIX is much more in backwardation than Tuesday (-4% contango vs -1% contango). Yesterday we were back in contango. What event is the market pricing in right now suddenly?