With just days to go until Donald Trump is inaugurated as the 45th president of the United States, speculators have almost never been so sure that markets will remain calm – despite record-breaking uncertainty.
Economic uncertainty is at record highs but market uncertainty nears record lows…
and speculators have almost never been so sure that this suppression of reality will continue through the inauguration…
Having tested and bounced off a 10-handle last week, we note that the last two times VIX speculative shorts were this high, Spot VIX spiked soon after to at least 22.
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