Goldman Warns Risk Underpriced Amid Lowest Q1 VIX Level On Record

It appears a number of sell-side shops are catching on to just how unprecedentedly low VIX was in Q1, as we noted first here.
Despite a quarter characterized by elevated policy uncertainty and an intense focus on tax reform, infrastructure spending and deregulation, U. S. equities had one of their lowest volatility quarters on record.

This post was published at Zero Hedge on Apr 3, 2017.