Investing to Wealth

Remember way back when we used to look at volatility all the time? How about a little peek for a moment to see where we stand. Up top we have 10-day HV over the past half year in SPY. It's a pretty docile 30 now down from 50 to start the month. Recall that in late March we kept getting asked why the VIX was stubbornly high in the face of a bull move and we kept pointing out that realized volatility in stocks remained high enough to justify it. Yes volatility can exist in a rally too. But now ...