Fear is in freefall.
The VIX , which many refer to as the fear index, had its biggest 8-day percentage drop in history. And that has coincided with the rally in equities.
So what is the options market telling us now?
"The futures markets is telling us not too expect too much volatility," said Brian Stutland, Stutland Equities President. And that could bode well for stocks, but it's also created opportunity for those looking to sell volatility.
"As long as the Fed’s open market policy remains accommodative to the credit markets, volatility should stay low," said Stutland.
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