In the end price is all that matters. Perhaps this most recent move, and subsequent plummet of the VIX, is nothing more than a nasty cross over dribble for market particpants.
Or perhaps the market sniffs out a return to cheaper money sooner than later. And yet the FED has said they see no rate cuts coming this year. However the market looks out and sees 2 or even 3 .25% rate cuts by years end.
Even the surprise crude oil productid cut, which sent crude oil +6% early yesterday, hasn't taken any of the rate cut odds out of the picture.
What gives?
Prices are falling. Prices are giving way.
If thats the case, rates are going to fall.
And bonds and stocks will be in demand -
With the stock market continuing to defy the bears.
With SPY $420 and then $430 in the cards.