VIX Term Structure & the Macro Cycle (VIX Playbook Pt. 2)

Why the yield curve — not today's VIX print — tells you when the regime actually turns

VIX index is essentially playing as a key part in micro market structure, it tells you about risks/sentiments and most importantly, the implied volatility environment.

However, we must understand how VIX index interact with macro economic factors so we will have much better understanding of how VIX really works.

Part 1 gave you a brief idea/framework of h…