We don’t care about what irrelevant people say or “feel” about markets. We care about what our #VASP is signaling in particular short-term windows.
As you can see in our Content Partner, Tier1 Alpha’s, Chart of The Day:
A) Super-short-dated Equity Vol Term Structure ramped, big time, into today’s Macro Tourist event
B) This is the 3rd time we’ve observed this panic-attack (put buying and SPX selling) in 2024
The other 2x, of course, were on NVDA Earnings day and on the day before the last CPI report.
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