Make Vol Great Again

I'd say markets were "nervously" eying the Fed on Wednesday, but I'm not sure that'd be accurate. This is purely anecdotal, but I've personally never seen as many summer "Out of office," "Automatic reply" vacation e-mail rebounds as what I've witnessed over the past two weeks. It's as if the complete disappearance of equity volatility is facilitating holidays and sojourns on top of the usual seasonal getaways. "The end of July will bring a 25bps [Fed] hike and the commencement of more entrenc

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3 thoughts on “Make Vol Great Again

  1. Do you think that there is any chance that the market looks at the seemingly never-ending stalemate in Ukraine? Simple demographics suggest that Russia can outlast Ukraine in a war of attrition.

  2. I appreciate a noted subtle shift in your posts (or am I imagining this?). You seem a tiny bit more willing to give us your personal take on the vagaries of the equity markets.
    I continue to “hold”. 🙂

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