With US equities seeing renewed upside, the VIX was back in cooling mode, settling -4.2% @ 13.30 (intra low 12.83). Near term outlook is for continued equity upside, which will likely equate to VIX remaining very subdued in the 14/10 zone. The big 20 threshold looks out of range for some weeks.
VIX'60min
VIX'daily3
Summary
Little to add.
Equities up... VIX cooling... and there is little sign the big 20 threshold will be hit until at least mid May.. if not the FOMC of mid June.
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more later.. on the indexes