Intraday VIX And Equities Now Completely Dislocated; Money Market Holdings Back To Pre-Lehman Levels
The VIX is now green for the day, even as equities are stuck in a continuing 2009 high breakout channel. It appears dispersion traders are aggressively buying index vol as they sell single name vol ahead of option expiration. Furthermore, the persistent bid for treasuries is there. As the money market guarantee is set to expire in the next few days, is this merely a last minute push by advisors telling their clients to get out of MMs and into the "safety" of any and all other asset classes? And speaking of money market accounts: we are now back to the pre-Lehman levels. All the "money on the sidelines" that moved out of equities as a result of the events since the Lehman collapse is now back in.
- advertisements -