VIX cools into the weekend

With equity indexes still broadly climbing, the VIX continued to cool, settling lower for a fifth consecutive day, -1.0% @ 12.35 - the lowest level since early December. Across the week, the VIX declined by a significant -11.1%.


VIX'daily3

VIX'weekly

Summary

Little to add.

The US equity market remains extremely complacent, with no concerns about anything... not even a potential GREXIT.

VIX looks set to remain subdued into mid May... if not early June. The next likely opportunity for a VIX spike looks to be around the FOMC of June 17th.

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more later... on the indexes