VIX May Form the ‘Mother of All Inverted Vs’
- SocGen expects term structure to normalize in coming weeks
- MKM sees ‘floor’ elevated above 10-11 level of recent years
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The Cboe Volatility Index may not go back to its extreme lows of the past few years, but strategists at Societe Generale and MKM Partners LLC think it’s headed in that direction.
“We expect the term structure to gradually normalize over the next few weeks,” strategists Jitesh Kumar and Vincent Cassot of SocGen wrote in a note Wednesday.