tail Archives - Citizen Watch Report

$VIX drops 13% but tail risk stays high, hedgers loading crash insurance

March 17, 2026 1:23 pm

Everyone’s watching the $VIX. Almost nobody’s watching the VVIX. $VIX drops 13% and the timeline relaxes. But options on the $VIX itself? Still at the 88th percentile. That’s institutional hedgers quietly keeping their crash insurance fully loaded. Surface calm. Expensive …

Investor gloom hits 30-year high… Record number plan US equity pullback… Cash levels still too low to signal peak fear… Markets calm but left tail looms large…

April 15, 2025 9:25 am

OOPS! Investors haven’t been this bearish in 30yrs, BofA poll shows. 82% of fund managers expect the global economy to weaken, and a record number intend to reduce exposure to US equities. BUT “peak fear” is not yet reflected in …