“MKM Partners’ derivative strategist Jim Strugger’s view this morning is pretty much the same as it was a month ago: The “next inevitable shock” to the stock market is on its way.
The CBOE Volatility Index has been below 25 for four months now, one of the longest quiet periods since the onset of the financial crisis. You could argue that this is a sign the market is starting to break out of its five-year roller-coaster ride. But not that’s how Strugger sees it.”
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