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MacroVoices #312 Charlie McElligott: Tightening Cycle Is A Headwind Until It Becomes A Tailwind

Macro Voices

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The Vix Is Unchanged on the Day.

The vix is unchanged on the day. The interesting partof an smp that could rally a couple of hundred points, andno charley reference throughout the interview as well, is s that volatility, because of the dealer a short game of positioning, could be just as volatile the other way. If we saw volatility come back into the mid to low twenties by next week, that becomes a short term tail wind on the market to rebound. This all very technical in nature. I think on a short term technical basis, there is lots of reason why the market could bounce here.

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