MBCC TH 5th Apr'24 - "Ohoh what snapped in the market, remember short $VIX has been no brainer trade, but it can unwind in 5 seconds even! Fed is in a pickle.."

Well towards the close S&P 500 u turned fell 1.5% and VIX shot up…what is going on?

Well we tell you as our forward looking cross asset signals are showing trends that are NOT being priced in the market. Divergences appear.

And everyone is long markets/short vix, even though Kashkari said that rate cuts are not a given..well unless its a repeat of 2008…ouch!