Correlations closed the week at .67 These are not extreme.  We have gotten the sell-off but there are no indications of a bottom yet.

First, vix-realized vol on lower pcetile timeframes is not maxed out.  We would like to see that maxed out again (as it was on Wednesday).

Second we have not maxed out on illiquidity, on 92nd percentile.

Thanks and have a great week.

 

 

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