NYT: "'Black Swan' Index Flashes Yellow: Wall Street Is Not Scared"

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NYT: "'Black Swan' Index Flashes Yellow: Wall Street Is Not Scared"

Excerpt from the New York Times quoting DataTrek’s Nick Colas:

…. “Yes, options markets are twitchily expecting the next big crack in U.S. stocks,” Nicholas Colas, co-founder of DataTrek, wrote in a note on Wednesday. “But they have been doing that since 2014, and the S&P has almost doubled during that time.”

Over the last six years, a period marked by exceptionally low volatility in U.S. equities, the Skew Index’s average reading was just shy of 130, 10 points higher than its average over the decade before that”….

Read the full article here in the NYT!