This week’s episode analyzes the robust structural health and mechanical strength supporting the ongoing equity market advance. I look at the data confirming underlying market stability despite a compressed volatility environment.
- The main topics covered include:
- The drop in the 1-Month Implied Correlation Index (COR1M) to a historic closing print of 6.33%.
- The strong “risk on” regimes sustained across the proprietary Market HRV and Early Warning frameworks.
- The negative pairwise correlations within mega-cap stocks driving active market dispersion.
- The steep contango and deep structural cushion within the VIX futures term structure.
- A follow-up look at one declining measure of market liquidity.
Here we go!
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