"US equities refuse to price any panic (GS panic index closed sub-1 on friday) despite sentiment at the lows (GS sentiment indicator -0.9 … AAIIBEAR ~50 … 70% of spx stocks are trading below the 50dma .. etc) … other risk barometers, namely bond vol (MOVE) and CDX also registering peak fear (~100th percentile) while VIX trades in the low teens" GS Brian Garrett
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