"Global stock markets shed more than $3 trillion in value. Some market participants took that as a signal the worst of the ugly Brexit carnage was over."
CNBC June 28, 2016
The Fear Index is Sinking - Here's Why
"All the hedging that was done prior to this" is being "taken off," which is driving down options prices and hence implied volatility measures"
"the VIX turnabout is "a bit surprising but indicative of the complacency I think persists"
VIX with low volatility fund (inverted):
Utilities are the last leg of the stool:
Utilities versus S&P (:15 Minute)