With VVIX In Full "Yikes" Mode, Negative Convexity "Accelerant Flows" Are Now In Play
November 26, 2021 at 13:46 PM EST
What we are seeing according to Nomura, are "shock outlier moves" in US stocks today in a mega “reversal of the reversal” seen last week, with “Bond / Duration proxies” exploding higher, while “Economically Sensitives” get smashed.