non-farm payrolls

Do Non-Farms Matter This Time?

Submitted by msebastian on Mon, 01/28/2013 - 5:40pm

With today's snoozer in the market, one has to wonder what exactly is holding up the VIX. Let's take a look at what we know:

1. Cliff Deal is done

2. Debt pushed back to March

3. Earnings season is so far so good

4. SPX market volatility is:

Seriously, below 4%, after today, close to 3.5%. Yet the VIX closed at 13.57, that's about 4X of realized volatility.