Jim Carroll
57.5K posts
Jim Carroll
@vixologist
Portfolio manager with momentum and vol strategies. Also hack guitar player who sings. Tweets/RTs are not investment advice. You need to do your own work!!
The Lowcountry
Joined February 2011
- Why should you care about HY bond breadth data?? Because deterioration might precede a serious downturn in equities.
- Might just be a blip, but it's usually not a good thing when the ratio of $VIX:$VIX3M (green) goes above ratio of $VIX3M to $VIX6M (red). It was a particularly useful tell July 2024.
- Update on cross-asset conditions. $SPX has bounced but the high yield market (using cume advance-decline) has not followed. This is a condition to 👀, not a trade signal. h/t @McClellanOsc
- One measure of VIX futures slope is VX30 (constant maturity VIX futures) to spot $VIX. We're sitting at the 96th percentile of that spread. It can hang out here for a while but it can't get much better FWIW.
- My son rents in NYC. Got notice of $650/mo increase. Had ChatGPT write a stern email. Leasing office called 5 mins later and agreed to $95/mo.
GIF - So many things to see today. I use 3 ratios from @Cboe term structure: VIX9D:VIX, VIX:VIX3M & VIX3M:VIX6M. Not often that all three are > 1. Very rare to have two in close proximity. But the steamroller is on the loose, so be careful out there.
