Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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In 2008, Bernanke and Hank “The Market Tank” Paulson appeased those begging for rate cuts and even brought in the “bazooka.” And what did that do for SPX and VIX? What did it do for the economy? While Hedgeye called the TRENDING breakouts in US Equity Volatility in 2008, 2018, 2020, 2022, today isn’t like any of those dates. Today is a function of today’s levered market structure and short-term options flows. NO ONE has ever seen anything like this. |
