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Over the past week, the VelocityShares Daily 2x VIX Short-Term ETN (TVIX) has taken a bit of a hit with the VIX reverting some of the movement made earlier this month. In this piece, I argue that I believe that mean-reversion is going to continue and that TVIX is likely headed lower from here.
Volatility Markets
A few weeks ago, I wrote a piece in which I argued that VIX was likely headed higher in the short-term. While I was correct in my initial assessment over the next few weeks, I ultimately need to revise