“There are plenty of things to be fearful of these days: Europe could go back to explode mode at any second. US political uncertainty. A downturn in US data, etc.
But investors are showing plenty of signs of not caring.
From the latest note from BTIG’s Dan Greenhaus comes an important observation about the VIX, the index which measures how much investors are willing to pay for downside protection via options. It’s sometimes called the fear index because it rises with more fear.
Anyway, lately it’s been stunningly mellow, with the VIX dropping day after day.
Says Greenhaus:”
If you enjoy the content at iBankCoin, please follow us on Twitter
