VIX is low, we all know VIX is low. I type that and feel I need to stop channeling Dr. Seuss.
However, there are some pockets of volatility in the US equity markets, we just need to know where to look. Since CBOE quotes several volatility indexes that are based on the US markets I went searching for places where the market is still pricing in a little concern about the future. Two areas that stood out – tail risk and small cap risk. Let’s start with[...]