Some thoughts to start the week:
Acceptance lower was the name of the game to end the month & quarter. Pressure remains in the VIX curve, but not too much to be in extreme fear just yet. With closes on the lows of the month and quarter, expecting follow-through lower in October.
For this week, lots of Fed speak leading up to NFP at the end of the week.
Aside from watching for VIX curve inversion/reversion, here are the key prices to watch 👇
VIX Curve: Ended the Month & Quarter with tight VIX curve. Still no inversion across the curve, which we are waiting for. Want to see at least 9D VIX go above 1Y VIX and then revert to have a tradeable bottom.
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