"Buyer Beware" - VIX Is On The Cusp Of A Secular Rise

Authored by Simon White, Bloomberg macro strategist,

Stocks and Volatility Will Rise Together Again

Federal Reserve interest-rate cuts are likely to be the catalyst for a secular rise in equity volatility. But given extremely favorable liquidity conditions, this is poised to come not with falling stock prices as is typical, but – ex-geopolitical upheaval – rising ones, as was seen in the 1990s.