Markets have entered a rare calm zone. After months of economic hand-wringing and geopolitical jitters, investor nerves seem to have settled. Volatility has been bleeding out of the system, quietly and relentlessly.
Charlie Bilello’s tweet grabbed attention this week:
The CBOE Volatility Index or VIX has dropped a staggering 63% over the last nine weeks – the steepest crash in its history. That plunge comes as the S&P 500 Index gently climbed over the awaited 6,000 level, shrugging off recent geopolitical noise.
Chart created using TradingView
The VIX is now near 17, well under its long-term average of around 20 – a level that would normally raise eyebrows. That signals traders aren’t …