VIX of VIX at the 90th %ile while indices sit at multi-month highs — that’s a tension worth watching

The market is pricing calm and chaos at the same time — not sure people appreciate how weird that is Dow futures at the 92nd %ile with a 10% Kalshi chance of tagging $55K this month — someone’s wrong Corn at the 97th %ile, silver at the 10th — that spread is screaming something about real demand versus speculation XLRE and RSP both at the 100th %ile — the everything rally is fully cooked, and dispersion is finally waking up

The market is pricing calm and chaos at the same time — not sure people appreciate how weird that is