Volatility back on the slide

With US equity indexes breaking new historic highs, the VIX naturally slipped, settling -3.3% @ 11.68. Near term outlook is for the VIX to remain within the 14/11 zone, but if sp'1950/60s, then VIX in the 10s appears viable.


VIX'daily3

Summary

There is little to add.

VIX remains very low, and this (in theory) could remain the case for some weeks.

My best guess is that we'll see a spike (if minor) into the 14/16 zone around the time of the next FOMC - June'18. VIX 20s now look unlikely until at least mid/late July.
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more later..on the indexes