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Market fear evaporates

Last time...

Time for the "last time VIX was here SPX traded at all time highs" crowd to start chanting. This is not how volatility works, but one thing is sure, "they" are sucking fear out of this market...which opens up great opportunities to use options for directional trades.

Source: Refinitiv

Sugar rush

Source: TS Lombard

2024 estimates holding up very well

Source: UBS

Double digit drawdown

Volatility in revisions

Source: JPM FX

The sentiment / flow chart that makes you go hmmm....

Source: EPFR

No even extreme

Source: CNN

Vulnerable to a stock sell off

Source: GS

Index options trading

Fed - what inflation to target?

Source: TS Lombard