Volatility slips into the weekend

With US indexes seeing minor chop into the Friday close, the VIX was naturally muted, settling -2.5% @ 11.47. Near term outlook is for sp'2010/20s, which should equate to VIX 10s. The VIX saw a net weekly decline of -12.8%.


VIX'daily3

VIX'weekly

Summary

*the 10th daily decline in 11 days
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A third consecutive net weekly decline for the VIX. The recent peak in the 17.50s now looks a long way up, and we might not be at those levels again until October.
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more later... on the indexes