In today's Macro Volatility Digest:
🔹 Implied volatilities rose across asset classes last week as oil prices gained on rising geopolitical tensions and investors pulled back from Tech stocks ahead of key earnings.
🔹 While the VIX® Index ended last week mostly unch’d at 19.5%, it masked significant sector rotation underneath the index surface (e.g. Comm Svc down 6.2% vs. Energy up 1.6%).
🔹 Sentiment in SPX options swung sharply last week as the initial market rebound saw investors chasing with upside calls before the sell-off at the end of the week led to renewed hedging demand.
Get a sneak peek below, and download the full report: