Not much has changed on the VIX front between last week and this week, with the result that the VIX Weekly Sentiment Indicator (VWSI) is holding steady at zero. The one recent development in the VIX that I am watching most closely is the correlation with the SPX. I summarized my current thinking on this yesterday in “Predictive Value of SPX and VIX Correlation – First Pass.”
(Note that in the above temperature gauge, the "bullish" and "bearish" labels apply to the VIX, not to the broader markets, which are usually negatively correlated with the VIX.)
Wine pairing: This week I would like to highlight a recent find, “The Stump Jump,” a refreshing, food-friendly white Rhone-ish blend of from
Previous inexpensive Rhone blend recommendations include Robert Hall’s Rhone de Robles and Tablas Creek’s Cote de Tablas Blanc, the contrarian favorite, Wrongo Dongo, and Cline Cellars’ Oakley Five Reds.