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Pre FOMC FOMO

The everything up market

The Monday effect lifts all volatilities theoretically, but the move higher in SPX today, accompanied with a violent move higher in VIX was interesting. Late last week, in our thematic email, Too fearless: time for some VIX calls, we outlined our logic, basically that the VIX has got too low.

Source: Refinitiv

Imagine having missed it...

Source: Refinitiv

Got tech?

Source: DB

The supportive bids

Fear the FOMO still

Discretionary...but must chase

Source: DB

Sentiment making a move

Source: Goldman

The implied bid "fading"

Source: JPM