Volatility smashed into the weekend

With the indexes ramping into the close, the VIX collapsed, closing -8.1% @ 14.89. Across the week, the VIX declined by 11.7%. Volatility looks set to melt lower for the rest of July, perhaps down to VIX 12/11s.


VIX'60min

VIX'daily

VIX'weekly

Summary

For the bears, the VIX tells the story, it is an utterly fearless market.

No fear of Europe, no fear of bond yields, no fear of Oil >$100, no fear of...anything.
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Absolutely incredible, but then...the market is propped up by $85bn of QE each..and every month. Until that ends..the broad up trend..will no doubt continue.

more later..on the indexes.