Citi: VIX Is Not Well Understood
The VIX is meant to measure volatility in the S&P 500 (INDEXSP:.INX), and with domestic political risk a lot higher than most people imagined would be possible, it’s being tossed around as a sign that investors are nervous about the future. But there are other, arguably better, measures of volatility that don’t show the same apprehension and are being ignored by pundits. Citi analyst Tobias Levkovich thinks that’s because . . .
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