The US Fear Index (VIX) is has finally closed above the psychological 20 area, overnight it spiked towards 24 as US stocks plumbed their lows for the session painting a clear picture of the path of least resistance if equities do indeed endure a correction, MM’s preferred scenario. At this stage our best guess is the VIX will retest the 30 and potentially 40 areas if stocks do experience a classic May / June pullback.
MM remains bullish volatility at current levels
Add To Hit List
