Volatility knocked lower into the weekend

With some underlying geo-political concerns, the VIX held up for most of the day, but was knocked lower into the close settling -0.6% @ 11.98. Near term outlook is for continued equity strength, which will likely keep the VIX within the 13/10 zone.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*across the week, the VIX gained a moderate 4.4% .
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As is often the case, the VIX was duly knocked lower in the closing hour.. ahead of the long weekend.

VIX in the 11s remains a bizarrely low level, and reflects a market that has effectively zero fear of anything 'significantly scary' in the near term.

VIX 20s look unlikely until at least October.

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more later.. on the indexes