Volatility is ebbing fast.
Watching how much the VIX moves lets us know how comfortable traders are with their beliefs.
Since the end of the global financial crisis, the VIX's Bollinger Bands compressed this tightly 5 other times. Within the next 4 months, the VIX jumped by more than 50% every time.
It's even more unusual to see the VIX this compressed during July-August.
🔗Read @jasongoepfert's article Jul 28 "Calendar compression in fear": https://t.co/RK4U0X33zq
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