As Nasdaq melts up faster than Bitcoin, perceived equity market risk has utterly collapsed.
VIX just hit 9.92 as Nasdaq hit 6,100 (note the most recent low is 9.39 from 12/15/06 and all-time low at 8.89 on 12/27/93)
VIX just traded with a 9-handle for the first time since Feb 2007...
And maybe there's further to run...
Despite Goldman recently warning, policy risk remains under-priced...
Treasury Vol is rising as Equity Vol tumbles today...