Quiescent Vol Conjures Ominous Parallel

Volatility's topical in 2024. Specifically, the absence of it. There's no real mystery as to the factors suppressing vol. One such suppressant are the flows associated with proliferating buy-write ETFs. Heavy vol supply's a corollary of ballooning AUM in derivative income products. That overhang's a factor in tamping down vol, and long periods of suppressed vol tend to perpetuate themselves. The "new short vol trade," as it was dubbed recently by the mainstream financial press, has drawn compa