iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[Pro-Life]

VIX Has Not Done This Since The USA Was Downgraded
Submitted by Tyler Durden on 09/14/2015 16:50 -0400

http://www.zerohedge.com/news/2015-09-14/vix-has-not-done-usa-was-downgraded

The VIX term structure has been inverted (spot higher than 3rd futures) for 17 days - that is the longest period of backwardation since August 2011, when uncertainty soared around the USA credit rating downgrade. In fact, much of the VIX term structure is higher today than it was at the peak of the crisis on Black Monday as both government shutdown and Fed rate hike fears dominate the forward curve...

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