Too much too fast

Fuhgeddaboudit

SPX back to when Fed started raising rates.

Source: Refinitiv

"We" are fuller

Fear falling liquidity

Source: MS

Too much too fast

The big bid fading

Source: GS

But bond volatility has come down lately

Source: Refinitiv

Equities and the downside convexity

Source: GS

The bull in VVIX

Source: Refinitiv