Equity and credit protection hitting new post corona lows
VIX printing sub 16 as of writing. Main US credit protection puked to post corona lows yesterday.
Note the most recent move in CDX IG (invertred) moving in tandem with SPX, something we have not seen in a while.
Everything is awesome and priced for perfection, but cheap hedges are coming up.
could be the local low for protection as we have FOMC coming up....
Note the most recent move in CDX IG (invertred) moving in tandem with SPX, something we have not seen in a while.
Everything is awesome and priced for perfection, but cheap hedges are coming up.
could be the local low for protection as we have FOMC coming up....
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