The historic lows in realized volatility are surprising this year given the crazy volatility we say in the first 6 months of 2016. If I told you in February that 10 Day Realized Volatility would be down in the single digits for 30+ days this, you would have thought my crazy. Yet here we sit. Even with the NFP number VIX can barely get above 13.5%. Not all products are talking a rest right now.
Stocks continue to rally with the earnings surprising just about everyone. Day to day the SPX finds a way higher and higher for no apparent reason. The squeeze in commodity names has the whole sector trading again. Witness the dead turnaround in the miners today. If all that excitement is too much for you, boring old INTC might work.