Don't Fear The Low VIX: BAML

With CBOE VIX index falling to the rare 9 level on Monday, there is significant consternation over the abnormally low level of the volatility. However, Bank of America Merrill Lynch, in a report out the same day as the VIX hitting historic lows, recognizes investor concerns with the low VIX, but says not to worry. “Volatility can stay low and the secular bull market should continue.” In fact, markets could continue to break-out, with a particular bullish eye on Europe. As Fed official raises volatility concerns, BofA analyst Suttmeier says don’t worry about low VIX, be happy The reduction of volatility…