Re <<black>>
Chaos is a gift, crisis a partner, volatility friend, lonely path right way, survive to survive another day, am reminded
Panic, best done when early, and is a survival trait, I seem to remember
zerohedge.com
Markets in Full-Blown Panic - VIX Goes Vertical
BY THE MARKET EAR
FRIDAY, APR 04, 2025 - 20:12
Panic
VIX has not closed this high since the Covid panic!
Source: Refinitiv
More panic
VIX 2/8 months futures spread exploding further. We traded even higher during the August panic, but back then we actually witnessed totally broken volatility markets. Current levels are extreme, but not broken, at least not yet...
Source: Refinitiv
"Overshooting" fear
VIX showing some of that pure panic look, as fear "overshoots" the SPX. Chart shows SPX vs VIX (inverted).
Source: Refinitiv
"Broken" VIX term structure
VIX term structure exploding to the uspide in pure panic fashion. Popular "volatility yield" strategies where investors have sold the short end of the curve vs buying the longer end of the curve in a "vol neutral" illusion, are being severely punished. Chart shows the curve 1 week ago, yesterday (already very stressed) and finally today's full blown panic shape.
Source: Vixcentral
Put love
Put call ratio at the highest levels since the August 2024 panic (note this is per yesterday's close).
Source: Tradingview
Oversold
RSI at rather extreme levels, but we all know things tend to stay in "over" territory for longer than most think possible.
Source: Refinitiv
Getting extreme
We are hitting the most extreme fear levels in a long time. Time to be greedy soon, or stay away from catching falling knives?
Source: CNN |
