Miner Company
'Spot Up, VIX Up' As Investors Hedge Record Highs In U.S. Equities
Implied volatilities increased across asset classes last week amidst the geopolitical overhang created by the instability of commercial transit along the Strait of Hormuz and mixed signals from Iranian hard-liners undermining the country's appetite for a resumption of peace talks. Although the SPX Index rallied last week, the VIX Index also rose, resulting in an unusual “spot up, vol up” move.
Implied volatilities increased across asset classes last week amidst the geopolitical overhang created by the instability of commercial transit along the Strait of Hormuz and mixed signals from Iranian hard-liners undermining the country's appetite for a resumption of peace talks. Although the SPX Index rallied last week, the VIX Index also rose, resulting in an unusual “spot up, vol up” move.