A possible sleep disrupter that we will attempt to mitigate:
The MOVE Index is the bond market equivalent of the VIX Index. It measures the implied volatility of 1-month options from the 2-year note to the 30-year bond.
— Jim Bianco biancoresearch.eth (@biancoresearch) April 5, 2023
Today's closed was 153.9.
The shaded area is inside 2 standard deviations. So, 153.9 above the shaded area means it is… pic.twitter.com/CrZoTxoNUs
Mr. Bianco's tweet goes on to point out that two standard deviations on the VIX would put that measure closer to 40 than 20.
Here's Israel "IZ" Kamakawiwo'ole with one of the songs we'd use in the 2008 - 2011 period to wish Wall Street sweet dreams. In 2008 - 2009 though, it was sometimes bumped off the playlist for The Ramones' "I Wanna Be Sedated". Maybe next week.
