With equities closing subdued - but leaning on the higher side, the VIX settled -0.5% @ 15.12. Outlook into year end is offering a brief VIX spike higher.. but sustained action above the key 20 threshold does not look possible.
*net weekly decline of -2.3%
Little to add.
The VIX was knocked lower into the weekly close.. as is often the case.
There is clearly plenty of time for the market to see another brief washout before year end, but what should be clear, sustained action above the VIX 20 threshold looks very difficult.
*I have ZERO interest in being long the VIX until late spring 2016... at the earliest.
more later.. on the indexes