Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
| VIX – the good news is its easier to watch a crash happening after you proactively prepared for it. At VIX 75 and implied vol on SPY ballooning to a +32% vs. 30-day realized, there’s nothing to do in equities other than measure & map the construction of bear market bounces. Not unlike the particular I positioned for in taking down my gross LONG exposure to #Quad4 US Equity Longs (Utes, REITS, and Staples) when my vol of vol signal (VIX > 31) said ALL US Equities would become “uninvestable” for a window of time that others need to get solvent… |
