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VIX 18.23 (After hours 2/15) curiouser and curiouser …
SP500 daily volatility is +/- 1% (VIX/19). IMO, people have just become comfortable with high VIX. It peaked at 39 in early-2022 but crash-watchers have been looking for VIX of 45. It may not reach that level in this cycle.
@yogibearbull Thank you. Yes, I did an inspect and see that, too. Hmmmmmm.... A large percentage of difference with the two charts. That date had a large swing with the open/close and high/low numbers. I can't account for the difference. There shouldn't be that backward 'wrong' view value, IMO; and shouldn't have anything to do with any 'futures' aspect of the chart; or am I wrong with this thinking? I don't do anything with the VIX except to take a peek; but I can see the VIX through the day, if needed, via Bloomberg.
FWIW - I track TAIL / Hasn’t been able to get out of its own way in the year + I’ve watched it. I realize that longer term it has to fall. But still find the constant slide curious. Points to a lot of complacency IMHO. Even a broken clock …
Bloomberg interviewed a hedge fund manager after I posted. His take is that the 0-Dated Options “craze” (0DTE) is reducing the impact / importance of the VIX which looks 30 days out.
@Hank. Re: TAIL. isn’t that managed by the great Meb Faber?
From the Prospectus: “Mebane T. Faber is the portfolio manager for the Fund and has managed the Fund since its inception in February 2016.”
@larryB - I’ve dug up a fairly recent interview with Faber for you. To be clear, I have little knowledge of his investment career or philosophy, nor do I own any of his funds as of this writing. I track TAIL along with roughly a dozen other funds for whatever insights I can glean about the markets. i would never recommend this fund to anyone.
Comments
https://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=1&mn=3&dy=0&id=p89899821759
Yes, I did an inspect and see that, too. Hmmmmmm.... A large percentage of difference with the two charts. That date had a large swing with the open/close and high/low numbers.
I can't account for the difference. There shouldn't be that backward 'wrong' view value, IMO; and shouldn't have anything to do with any 'futures' aspect of the chart; or am I wrong with this thinking?
I don't do anything with the VIX except to take a peek; but I can see the VIX through the day, if needed, via Bloomberg.
Bloomberg interviewed a hedge fund manager after I posted. His take is that the 0-Dated Options “craze” (0DTE) is reducing the impact / importance of the VIX which looks 30 days out.
@larryB - I’ve dug up a fairly recent interview with Faber for you. To be clear, I have little knowledge of his investment career or philosophy, nor do I own any of his funds as of this writing. I track TAIL along with roughly a dozen other funds for whatever insights I can glean about the markets. i would never recommend this fund to anyone.