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Markets Are Quiet. Too Quiet.
Many Happy Returns
The Fear of the S&P 500
If you look at the VIX index, which people kind of think of as a gauge of fear in the market, that is at the lowest levels since before the pandemic. There's an equivalent fear gauge if you like for the bond market, isn't there? I know it works slightly differently. Yeah. So this is based on options prices for treasury futures. And again, because it's fixed income, it's more complicated than stocks.
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