Have You Heard The One About The Dirty Shirt And The Flat Skew?
Last week, Goldman suggested it might be time for investors to hedge. Their rationale is as follows: We believe the VIX spike in early February was a significant event for investors, made even more significant last week as we revisited the YTD lows in the S&P 500. S&P 500 realized volatility was 6.8 in 2017 and has…