SPX Vol near multi-year lows...US economy is a shibboleth; its data is faker than Hunter Biden's teeth.
Geopolitical trends are showing US 'diplomacy' is basically a Clown Car with a demented octagenarian in the driver's seat; US Death Merchants are seeing their products humiliated on the battlefield; the Fed is preparing to pivot back to irresponsibility; the Global South is de-dollarising; BRICS+ will be twice as influential in energy markets as OPEC was in the 1970s... and yet SPX volatility is in generational low ranges .
Sure, it could get down to a 9-handle; it's done that before - and I tagged that as well - called a VIX BUY "if it dips under 10".
I'm going to put every dollar I have into LONG VIX. No stop; use as much leverage as possible; feed any margin call. If it stings for a bit, it means we're in a 2008 situation, so the payoff will be extraordinary.