Though the VIX was down ~2% day, it remains elevated, and importantly, the VVIX (the volatility of volatility) is up today, and looking like it wants to launch itself off of a bull flag structure.
For those curious, the VVIX measures "institutional hedging." Anything over 110 is considered worrisome for the markets.
For those curious, the VVIX measures "institutional hedging." Anything over 110 is considered worrisome for the markets.
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