$MOVE Bond volatility move back to making fresh 20 day highs. Rising bond volatility is never a good thing.
Move breaking up out of a descending triangle with $SPY in a downward price channel since June 2.
+ $DXY made it's 6th week of new weekly highs since Nov 2025 & currently at the high of it's weekly bar.
+ The daytraders VIX $UVXY finding support and the $VIX is curving upward.
Just seems a good time to take some off the table - yesterday at close would have likely been$ better.
#move $vixeq approaching 50... it pierced it during the 2025 Tariff Tantrum and the 2024 Aug $VIX EventThe comp today vs 2022 when the Fed was tightening is instructive. VIX was basically double its current level today when VIXEQ reached 50. The
$MOVE was more than double its current level then.Today's VIX is entirely about the volatility of the stocks within the index, not the extent to which they are correlated.Note: the VIXEQ is starting to pick up the single stock vol bump from Q2 earnings (GOOG 7/23, MSFT 7/29, AAPL 7/30, META 7/30 AMZN 7/31)... this will put downward pressure #on implied correlation.