1st. Is that what the date was . The fear gauge hitting the lowest level in more than two decades. The volatility index closing yesterday at 9. 77, the lowest level since december of 1993. I cant imagine thats not a place where you would buy. Though normal stocks that hit new lows what do they do . Hit more new lows. Stocks that hit new highs, hit more new highs. It can only go 9 more lower. Yeah. This only happened five times ever. Having always thought in a contrarian way that complacency and when people get participants get bullish, you worry. Call ratios, you worry. Percentage of investment services. If its that complacent i admit, okay, its not going to be le pen, but the world at this point, theres nothing that were not thinking about that could happen that could throw us for a little bit . It scares me. The flip side is if premiums are so low, you can buy insurance and remain long or replace your stock with calls. There are different ways to use this to your advantage to remain
Really a macro call based on valuation and you have to consider the dollar as part of it. I just think yen has more potential upside. The its a pair trade, as you said, its not that im short the s p, bearish, its a relative performance. Thinks the s p could still outperform. This is like a mid year trade. Sure, if you were thinking about mean reversion and the huge gaps in valuation and performance thaend youre looking at the recent trend that shows a big reversal from what weve seen in the last few years. For contest, were overweighting em. Ive been flogging this horse for months. So its nigs to hear him agree with it. Eem is up 16. 5 year to date. This is the key to outperformance this year i think is to be in europe, even japan, nikkei looks like it wants 20,000 badly. As were talking, is breaking a level to the upside that it isnt seen since may of 2015. If you look at spy you can see a change in trend, thats coinciding with better economic news. And i genuinely think that whats go
Challenging and worthwhile mission of all. Thankfully, friends, family, and communities are standing by their Service Members and veterans now more than ever. Were all in this together. When you recognize something isnt right, make the call to the Veterans Crisis line or military crisis line. During times of crisis, reach out and call. Dial 18002738255 and press 1. Announcer live where you live, this is abc 7 news. Now at 11 00, guilty or not . Jurors are getting ready to have their say in the sierra lamar murder case. Good evening and thank you for joining us. Im ama daetz. Im dan ashley. The verdict in the torres case is set to be announced at 9 00 a. M. Tomorrow. Tonight anticipation from both sides of this fiveyear long criminal case. Katie marzullo is live with the developing story. Reporter ama, dan, it likely will be a sleepless night for everyone involved. Sierra lamar disappeared five years ago. The trial lasted three months and now in just ten hours well hear that longawaited
Challenging and worthwhile mission of all. Thankfully, friends, family, and communities are standing by their Service Members and veterans now more than ever. Were all in this together. When you recognize something isnt right, make the call to the Veterans Crisis line or military crisis line. During times of crisis, reach out and call. Dial 18002738255 and press 1. Announcer live where you live, this is abc 7 news. Now at 11 00, guilty or not . Jurors are getting ready to have their say in the sierra lamar murder case. Good evening and thank you for joining us. Im ama daetz. Im dan ashley. The verdict in the torres case is set to be announced at 9 00 a. M. Tomorrow. Tonight anticipation from both sides of this fiveyear long criminal case. Katie marzullo is live with the developing story. Reporter ama, dan, it likely will be a sleepless night for everyone involved. Sierra lamar disappeared five years ago. The trial lasted three months and now in just ten hours well hear that longawaited
But that all clears out for sunshine later today. Highs in the low to mid 80s and up to 68 in San Francisco. 78 in the east bay, and north bay, 85 degrees. Wide range in temperatures. Heading into the next couple days. Well take a look at that÷ forecast coming up in eight minutes. Mike has a crash at the dublin interchange. Pm÷ which could. B off an aler at any time, but especially 6 01. Look at the lighter traffic flow, holding off. Time, a later start toxd the morning commute, so an easier build right now. Thisw3 crash, west 580, the dubn interchange off to the shoulder, and we have mild slowing just on the last buildup, so not a major issue. The bay bridge toll plaza does still have two big rigs on the shoulder as you head over to the tunnel in the westbound direction. That is your commute direction. But the toll plaza itself shows a standard backup and even the fast track lanes are still moving at a pretty good pace. Back to you. Thank you very much. Happening today, a case that