SPX volatility is dead
Volatility is dead.
We are currently in the longest stretch in the post-GFC era without a -2.05% daily selloff in the $S&P 500(.SPX)$ .
And I said that before:
2024 is giving off major 1995 vibes so far.
The last time we got a soft landing was 1995. The Fed cut from 6% to 5.25% and the SPX saw 77 ATH closes.
We have already seen 29 ATH closes so far in ‘24, the Fed is projected to cut in Sept, and a soft landing is now consensus.
https://x.com/Marlin_Capital/status/1803437522346795312
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