Volatility continues to cool

With Santa almost here, equities closed higher for a second consecutive day, and the VIX naturally continued to cool, settling -11.2% @ 16.60. Near term outlook is for continued equity upside into early 2016, and that will likely equate to VIX in the very low teens.


VIX'60min

VIX'daily3

Summary

Little to add.

What should be clear, with the Fed having raised rates last week, a big chunk of uncertainty - and thus volatility, has been removed from the market.

The VIX will likely remain subdued into early 2016.

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more later... on the indexes