The Vix Is Going to Exhaust, Right?

Markets are knock in a bottom until rakes top. Fed fun futures look over the last few days that they ground to an area where people are trying to get to terms on the terminal rate, even though the fed doesn't know that themselves. Rates came down a bit to day, at least, rates on the short end, and rates at least out to where we care about in terms of where the fed may be going.