Volatility was broadly subdued, with an intra low of VIX 13.06, but settling -0.9% @ 13.49. Near team outlook is for renewed equity weakness to the sp'2040s, which should equate to VIX 17s. The big 20 threshold looks out of range in the next upward push.
Little to add.
VIX looks set for another upward push tomorrow.. and it might carry over into Monday.
*I remain rather heavy long-VIX, seeking an exit into the weekend.. preferably in the 16/17s.
more later... on the indexes