CHART OF THE DAY: Measure & Map The Vol of Vol

01/28/21 07:35AM EST

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

Interestingly, but not surprisingly (since it’s still Global #Quad2), the panic and fear I see in both the queue and in implied volatility (SPY’s implied vol ramped to a triple-digit +109% PREMIUM vs 30-day realized yesterday!), looks nothing like cross asset class volatility this AM:

A) USD is down an epic 0.01%
B) Crude Oil is down an apocalyptic -0.13%
C) UST 10yr Yield crashed 1 basis point

In other words, ex some US hedge fund implosions, the fractal macro market gods sound like crickets this morning…

CHART OF THE DAY: Measure & Map The Vol of Vol - Chart of the Day

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