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This Is What A Broken Market Looks Like
The VXN/VIX ratio has exploded. The market is not simply becoming more volatile. The market's most important narrative is becoming more volatile.
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zerohedge.com
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The Fragile Market
The scary part isn't volatility. It's how little it takes to create it. Markets increasingly resemble a giant short-gamma ecosystem where relatively small flows can produce…
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This Is What A Broken Market Looks Like
The VXN/VIX ratio has exploded. The market is not simply becoming more volatile. The market's most important narrative is becoming more volatile.