The chart of the day comes courtesy of ETFdaily news. It shows that while the market has been rallying off late and the Vix has been hitting lows near the 13 level, the CSFB fear gauge has surged to a record high. This shows that institutional investors have been buying out of the money put hedges in large amounts and are not believers in this rally:
Lightning Coach Jon Cooper Recalled Impact Of Broadcaster Bob Cole
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Jon Cooper said he is not often starstruck. He was in 2018 when he got
together for a cherished meeting with Bob Cole in Montreal.
10 minutes ago
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