Spreadex Market Update
Dollar being heavily sold
U.S. equities are set to trade higher today in line with a broadly positive European session, which saw the FTSE 100 print a high of 5861.74.
Other European indices are similarly well-bid. Investors are pinning hopes to a meeting to be held by euro-area leaders later this week that will aim to continue the process of resolving the on-going debt crisis.
Significantly, the market appears calm and supported, with dips being bought and panic more of a memory than the almost weekly appearance it made not long ago.
Vix futures tell the story well: the market is not anticipating much volatility near-term.
And whether that be complacent or not, history shows that participants are often misguided when making guesses about the future.
Cheap volatility this week could become expensive at just one drop of the Drerkel’s hat.
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