Latest / The Bear Market Podcast with Fexingo: Surviving Downturns, Buying the Dip, and Long-Term Resilience
Why the VIX Volatility Smile Is Flattening Again
The VIX closed at 16.78 on June 19, 2026, up 3.6% over five days — but the real story is what's happening to the volatility smile. Lucas and Luna unpack why out-of-the-money put premiums are collapsing, how the V-VIX's 88.43 reading signals a market that's pricing out tail risk, and what this flattening smile historically means for equity allocations. They cite the post-2020 normalization and contrast it with the 2023 regional-banking stress to show how the options market is telling us investors have stopped hedging — even as the Russell 2000 slips 0.9% and the yield curve…
The skinny
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