VIX continues to cool

With US equities seeing some minor chop across the day, the VIX remained in cooling mode, settling -1.9% @ 12.60 (intra low 12.50). Near term outlook is for continued equity upside, which should equate to VIX remaining within the 15/11 zone.


VIX'daily3

Summary

Little to add.

The US market remains broadly strong, VIX looks set to remain subdued for at least another month.. perhaps all the way into the FOMC of June 17'th... when a Fed rate rise remains 'just about possible'.
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more later.. on the indexes