Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more about the Early Look.
VIX – all-time remains a long time and the VIX finally registered a lower-all-time-low of 9.19 (prior all-time closing low was 9.36); impressively, since 30-day realized volatility on the SP500 has been smashed to 5.2%, implied volatility (vs. 30-day realized) on SPY still trades at a PREMIUM of +22% this morning (complacency and capitulation signals occur on implied volatility DISCOUNTS)
