Quote from the above news: "Unlike the Treasury market, where option activity has shown heightened angst not seen since the pandemic crisis, the mood in equities is more sanguine. The Cboe Volatility Index, or VIX, has yet to take out its March peak even as stock losses kept worsening, a sign that many market watchers consider as a lack of panic. "
Old news, man. That round of monthlies is done. THIS is when the scary starts. New monthlies, and the Fed's purported 100 BPS rate hike. I'm with the more hawkish birds on this one. Get the 100 BPS hike done with on Jul 27th. Fuck it, go 125! Because they have a two months break before next meeting, and we will have two more CPI prints between the two meetings. Just do it NOW, while we have lower liquidity!