“As questions mount about whether the surge in VXN in recent weeks, uncharacteristic in a rising NDX tape, is indicative of a ‘blowoff’ or a ‘blowup’ or both (Mwe note that such ‘fast and furious’ shifts between VXN and VIX have tended to correspond to NDX absolute and relative underperformance, especially on a 3-month time frame,” Emanuel wrote, along with analyst Michael Chu, in a July 14 research note.
Submitted July 15, 2020 at 06:51PM by MrG https://ift.tt/3h4xFok
