I remember you used to trade the strong upward bias of equities during the overnight session. This pop would be the exact opposite of that. Are you seeing weakness quite frequently now?
Rise in the index, then consolidation, rise consolidate....No weakness. The VIX is useless, I find it amusing how it's manipulated to keep the stock index rally moving higher. If it was left to it's own the financial media would have to report record lows in the VIX, which would scare off the dumb money now entering the market.
How about that the SP500 is up over 20 points in 2 days and the VIX is in the same place it was last Fridays close.....pffft pretty amazing.
Liz Ann Sonders @LizAnnSonders 4h4 hours ago Contrary to popular wisdom lowish (10-15) VIX readings have been been followed by higher market returns @StrategasRP