PremiumTl;dr: VIX tumbled to a 14 handle today (YTD lows - No Fear) as Call skews hover near multi-year highs (All Greed) but equity strength is 'mixed' with the 'AI everything' narrative fragmenting (MegaCaps continue to slide, Memory moar higher). Rate-hike odds and bond yields fell today (cooling CPI) along with lower oil prices (no serious escalation in Iran overnight). The dollar whipsawed wildly intraday... as did bitcoin.. while gold tested new cycle highs.Noisy overall - though quiet on equity desks - with the triplet of oil-bonds-stocks moving (mostly) in sync today...Rates