Stocks ‘Safer’ Than Bonds? The Last Time This Happened Did Not End Well

It’s quiet out there, too quiet. With VIX once again testing cycle lows, equity risk is trading below bond risk for the first time since right before markets crashed in August 2015.
S&P 500 implied volatility (VIX) has now been lower than Treasury ETF TLT’s implied volatility for the month of July (since Brexit)…

This post was published at Zero Hedge on Jul 22, 2016.