Houston, We Have A Problem
Volatility is back, baby, and I'm lovin' every minute of it!
The VIX shot up from 13.43 this morning to just under 18 this afternoon - this is the index that measures “market volatility.” In theory, markets can be volatile to both the downside and the upside. In reality, when the VIX spikes it’s because the equity market is going down. Reacting to a core CPI that came in hotter than expected (3.9% yoy vs 3.7 expe…
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