Despite equity indexes closing moderately higher, the VIX managed to remain net higher, settling +2.8% @ 12.73 (intra high 13.22). Near term outlook is for continued equity upside to the sp'2170s... which should equate to VIX remaining stuck within the 15/11 zone in mid June.
VIX'60min
VIX'daily3
Summary
Little to add.
VIX looks set to remain subdued until the next FOMC of June 17th. Even then, the big 20 threshold looks unlikely to be broken/held above for more than a few days.. if not hours.
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more later.. on the indexes
