Following Friday's quad witch VIX puke, this morning open has extended that volatility collapse as the 'fear' index just broke to an 11 handle. However, the high correlation between stocks and VIX is back as stocks are not as exuberantly running as VIX would imply...
Another VIX slam...
But stocks not exactly loving this...
(Click on image to enlarge)
VIX has not seen an 11 handle since 12/9 (when The Dow was 250 points lower).
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