WS #16960
Paraguay's President Santiago Peña has resigned following the collapse of Ueno Bank, adding to the global political instability narrative. However, the VIX curve is showing signs of stabilization, with backwardation resolving, suggesting that while directional volatility is high, the panic phase may not be fully underway. This provides a slight counter-signal to the extreme bearishness in the tech sector.
Geopolitical and Macro Noise
Paraguay's President Santiago Peña has resigned following the collapse of Ueno Bank, adding to the global political instability narrative. However, the VIX curve is showing signs of stabilization, with backwardation resolving, suggesting that while directional volatility is high, the panic phase may not be fully underway. This provides a slight counter-signal to the extreme bearishness in the tech sector.