VIX重新回到Contango. 好事 Bloomberg: The VIX has hit its post-Covid low, which helps support risk sentiment. The volatility curve has steepened and returned to its normal upward slope, as the front-end declined. While the spread of the virus is concerning and there are some signs of activities slowing, it hasn’t led to a major reversal in the economic recovery, at least not yet. In the meantime, the Fed is determined to drive real yields down, and lawmakers are trying to extend some of the expiring benefits to people who’ve lost their job in the crisis. Plus, earnings season so far has offered more surprises on the upside than downside. All of this suggests it may not be prudent to be too bearish on risky assets in the early phase of a growth cycle. #stocktalk