The S&P500 is now in negative territory for the year. There appears to be no sign of the sell off stopping yet:
1. Short Gamma
Our friend @SqueezeMetrics updated his charts. His measure GXV is like the VIX, and suggests where the VIX should be over the next few trading days. It was already elevated on 16th October (first chart) but as of 24th October it went even higher:
We should there continue to expect volatility ahead.
Except we don't, do we? Still very few OMG MARKET MELTDOWN . . .