The Relative Underperformance of the Banks

JACOB: Some of these reads are just kind of hand the keys back to the banks mhm i want to play tight and for the giants it's not going to happen either. The vix somebody's asking questions about the vix does it even portend anything anymore, he asks. He says we'll see how it plays out again at a forty four hundred s and p nobody seems to want to careYeah well you know again i would also mention that the s and or the vix which obviously tracks the volatility on the s and p five hundred indexes back at levels with february twenty twenty right?