Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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The best thing about The ROC (rate of change): the data doesn’t lie – people do. And how about that episodic-and-non-TRENDING Vol Spike in US Equities (VIX) from last week? Was that the 9th time out of 10 since 2012 where you bought the damn dip with the VIX > 30 and got paid to not panic? #Yep. Your life time is precious and your Cycle Time is relatively short. Next time you see a TRIPLE DIGIT implied volatility PREMIUM on SPY (vs. 30-day realized) and the US economy is #accelerating, you know what to do. |
