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The Market Ear kicks us off.
Fitched VIX
Regular readers of TME are familiar with the natural floor in volatility (mean reverting). You don’t compare mean reverting assets to trending ones on longer time periods, but the relatively short term gap between VIX (inverted) and the SPX is rather wide. Last time VIX was here, SPX traded…
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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