Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
Using the most basic definition of US Equity Market Volatility, let’s think about what just happened with the VIX:
Part 3 of that pattern of market conflict is what I call a Phase Transition. I, of course, didn’t invent Phase Transitions – nature did. Every complex and non-linear system has those. Timing them is not easy.