Goldman Explains Why Traders Are So Exhausted Despite 'Low Volatility'

Tired? Grumpy? Don't know which way to trade? Pissed off that everyone on CNBC keeps telling you how 'calm' the market is?

Well, you may be suffering from 'Gonintradayswingarrhea' as diagnosed by Goldman Sachs' derrivatives guru Brian Garrett who points out in his latest note this morning that market "volatility metrics" are not what they seem...

The gap between 'standard' daily realized volatility and 'intraday' volatility is at one of the widest spreads in the last two years...

Authored by Tyler Durden via ZeroHedge October 18th 2023