• Investing Insights & Exclusive Offers → Get Our FREE “Market Brief”
    Sign-up for our free weekly newsletter. Get unparalleled investing insights and exclusive Summer Sale discounts on Hedgeye research.

    Disclaimer: By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. Use of Hedgeye and any other products available through hedgeye.com are subject to our Terms Of Service and Privacy Policy

 Below is a chart and brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more.

CHART OF THE DAY: Crazy Complacency  - z11

Think about the crazy complacency (by the bulls) and capitulation (by the bears) embedded in that fact-based picture of FOMO. As you can see in today’s Chart of The Day, only 1-month ago today, post SPY getting body slammed in the 1st week of AUG:

  1. Implied Volatility on SPY was trading at a +71% PREMIUM to what had been realized in the month of JULY (i.e. the peak)
  2. Implied Volatility on Tech (XLK) was trading at a +63% PREMIUM to what had been realized in the month of JULY (i.e. the peak)
  3. Implied Volatility on SPY was trading at a +37% PREMIUM to what had been realized in the month of JULY 

CHART OF THE DAY: Crazy Complacency  - Chart of the Day