With CBOE VIX index falling to the rare 9 level on Monday, there is significant consternation over the abnormally low level of the volatility. However, Bank of America Merrill Lynch, in a report out the same day as the VIX hitting historic lows, recognizes investor concerns with the low VIX, but says not to worry. “Volatility can stay low and the secular bull market should continue.” In fact, markets could continue to break-out, with a particular bullish eye on Europe.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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