Don’t be fooled by VIX
Summary
Dan Passarelli discusses the Russell 2000 hitting an all-time high, attributed to market optimism over the new Treasury Secretary. He analyzes price action in IWM and SPY, noting that while new highs were reached, the market failed to close at those levels. The episode highlights upcoming economic data releases for PCE, GDP, and unemployment, while explaining how the Thanksgiving holiday schedule artificially lowers implied volatility and options pricing due to accelerated time decay.
Topics discussed
Russell 2000 hits all-time high on Treasury pick
IWM price action and gap analysis
S&P 500 new highs and closing performance
Upcoming economic data and holiday schedule
Implied volatility and VIX dynamics
Volatility pro tip and closing remarks
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