Meta Strategy Derivatives Portfolio – Probability Map Update.
Wednesday Update — Preview of next week’s market outlook
— Tuesday Update —
Even when expected, a lightning quick change in market regimes still always surprises, and it takes some time to adjust to a new environment.
Last week’s bout of volatility has forced the VIX futures term structure to invert over several days, which is one of my key indications that a significant change in the market environment has taken place.
In combination with the pronounced characteristic of financial markets to display a clustering of volatility, my expectation is that larger market swings are here to stay for the foreseeable future.