Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Macro analyst Ryan Ricci.

When do we see vol control funds buying? When we see volatility come out of the market. What has been keeping volatility higher? The market buying long dated protection for the election and Fed day. When will the higher volatility stop? When the protection expires (11/7 after fed day).

CHART OF THE DAY: Volatility Heading Into Election - Picture4