CHART OF THE DAY: Epic S&P Implied Volatility Premium

09/21/21 07:37AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. 

Consensus, however, is expecting a continued slow-down in Q4 from the #Quad3 in Q3 Real Growth Slowdown that our model already nailed. That’s why this morning’s update on market sentiment/positioning is so tantalizing:
  1. SP500’s implied volatility PREMIUM just registered an epic 3-handle on a TTM z-score (very rare)… with
  2. A reading of +104% vs. 30-day realized and immediate-term downside in my VIX Risk Range towards 15.30

CHART OF THE DAY: Epic S&P Implied Volatility Premium - 9 21 2021 7 12 15 AM

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