VIX at 15.46: Steep Forward Curve Signals Hidden Risk
VIX at 15.46: Calm Markets Hide a Structural Shift Volatility sits at 15.46 today, unchanged from yesterday but down 1.04 points over the past five days. On the surface, this reads as textbook market calm-we’re below both the historical median and the two-year mean. But the term structure tells a different story. Contango is steep,…
