Volatility continues to melt lower

Despite the equity indexes being weak across the day, the VIX merely melted lower, settling -1.5% @ 13.55. The market remains effectively fearless, and VIX looks set to slip into the 12s..even the 11s by the end of this week - when the sp'500 might be at new highs.


vix'60min

vix'daily3

Summary

Little to add.

VIX remains low..and looks set to remain in the mid/low teens until late Jan/early Feb.

The only issue is whether the VIX can briefly push into the low 20s in Feb...which increasingly looks overly difficult.
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more later..on the indexes