Correlations closed the week at .4 and the highest in the past month.

 

 

 

 

 

 

 

Owning volatility remains expensive, while $VIX stays in a range.

Nothing has changed significantly from last week, we could continue to see a slow grind higher while there remains a negative skew ie, r/r over the following month remains tilted slightly negative.

Thanks and have a great week.

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