Yields lower (well better said finally not going higher) paired with USD higher is a helpful backdrop for rally we are currently witnessing in stocks, but the question is - are we out of the woods after the recent wild ride in markets?
Yes, VIX has come down, but as we have noted previously VIX is not always the best measure of investor angst - especially obvious given the focus on 0-DTE options trading - ultra-short-dated vol has been dramatically higher than VIX during this chaos, exposing the real tariff terrors...
