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

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…