The document discusses the recent technical movements in US equities, highlighting the impact of VIX ETPs and their rebalancing requirements on market volatility. It notes the implications of these dynamics on volatility spikes and investor behavior, as well as the role of CTA, risk-parity, and vol control funds in the market. The document also mentions changes in dealers' options positioning and its effects on equity volatility.
doj/DataSet10/EFTA01389110.pdf
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