The market is pausing today after spending the past two weeks roaring higher. The market got past the fed meeting unscathed, then determined the jobs report was just Goldilocks enough to keep on chugging along.
And as usual, with this steady and predictable increase in the markets we saw volatility predictably and steadily grind down.
The VIX dropped below 11 for the first time since January, and yes that’s very low. Is that complacent? Does the market deserve a 10 handle on the VIX?