Great post and I agree, VVIX spiked 13% yesterday, abnormal move and might have to do with economic acceleration, the #bigflip macro narrative on Fintwit , Fed should have done 50 bps and Powell push back on loosened financial conditions, now inflation battle is going to take much longer than market expects which means higher for much longer turning this battle into a prolonged war.
Market also thought Ukraine-Russia war would be over sooner too 😅
Great post and I agree, VVIX spiked 13% yesterday, abnormal move and might have to do with economic acceleration, the #bigflip macro narrative on Fintwit , Fed should have done 50 bps and Powell push back on loosened financial conditions, now inflation battle is going to take much longer than market expects which means higher for much longer turning this battle into a prolonged war.
Market also thought Ukraine-Russia war would be over sooner too 😅