MacroVoices #366 Louis-Vincent Gave: Staying Humble in Troubling Times
Macro Voices
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Is the VIX Taking Away From Liquidity?
The VIX remains at the bottom end of its ranges. We're not seeing a lot of, and I don't know if you noticed this at all, is we haven't seen a lot of large gaps down or gaps up over the last few months. The note's a roughly daily move on the broad markets of about 1.25%. But I'm not really taking too much stock in this given that we're seeing a changing of the paradigm shift from buying 30-day expiration contracts for hedging purposes to buying zero-day contracts for hedged purposes.
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