Stress

June 22, 2026
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–I recreated a chart posted on X, attributed to Apollo.   VXN/VIX *nasdaq vol/spx vol.  I added notation for previous high in June 2017 (tech flash-crash). I had seen demand for tech name CDS as banks protect themselves from lending to AI names, but this is a more elegant way to track stress.

In 2007 the spike resolved with everything going lower, but in 2017, equity indexes were higher in about a month.  This time????

–Link below from 2017:

https://www.cbsnews.com/news/tech-stocks-fall-facebook-apple-amazon-netflix-google-faang-fang-nasdaq

Once in a while I add this link with crime stats from Chicago.  Total US troops killed in Iran war 13.  June in Chicago (so far) 31 homicides.

https://heyjackass.com/

• ABOUT:
  Former member of the CME specializing in interest rate options and yield curve strategies.

  The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.