Volatility melts into the weekend

With equities seeing renewed strength into the weekend, the VIX continued to cool, settling -1.9% @ 16.49. Near term outlook is for VIX to fall into the 12/11s.. perhaps even 10s - with sp'2100s in January. Across the week, the VIX declined by a very significant -21.8%.


VIX'daily3

VIX'weekly

Summary

*the third consecutive net daily decline in the VIX.
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Little to add...

Higher equities.... lower VIX... nothing surprising there.

VIX looks set to remain very low for a good 4-6 weeks. The next spike might only get the VIX to the upper teens.
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more later... on the indexes