Market Intro
CNBC: 8:06AM EST
Welcome to Day 2 of the holiday-shortened Thanksgiving week! Spot VIX now prints squarely below 12 (11.76 as I pen this), and European equities (VGK, EFA) have drifted without much direction before the opening bell rings on Wall St.
Thoughts on Volatility
After plunging lower in August and then darting higher in September-October, the US 10Yr yield has leveled out quite peaceably to the 1.75-1.90 range of late.
I happen to agree with ifollow that the Federal Reserve is being more cautious than the economic situation itself