As the stock market appears headed towards a land where storytelling might be winning the day, odd occurrences are taking place underneath the market structure. A Goldman Sachs report notes that the previous quarter’s volatility as measured by the VIX was at an all-time low “despite a quarter characterized by elevated policy uncertainty.” But more ominous is a volatility term structure inversion is occurring in Europe, a CBOE volatility expert first points out. Is there a connection to the upcoming French Election ? VIX is odd, very odd Wasn’t the story being told market participants that the “Trump rally”…
VIX At Lowest Level Ever Could Be Connected To French Elections
Mark Melin
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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