VIX IS CHEAP, FINNA GET CHEAPER

Today’s is a fake out day, in my opinion. Risk is off for your typical alpha strategy, as shone here by my Bubble Basket being down 1.7%.

But the shit is still floating to the top, as indicated by the sundry of China-coms popping off.

So how do we resolve this? After all, the Nasdaq is still +23.

Taking a look at the VIX, it’s clear to me, at least as of now, it wants lower. It wants to dive back into the FAGBOX between $11 and $13.

Conclusion: If you’re short into this weakness, cover and be grateful. Oil is still pressing higher. Gold is being destroyed. Markets want MOAR.