VIX Too Low, One Big Bet, Crypto Payment In The Future, Gold Trending Down VIX太低，一大赌注，未来加密货币支付，黄金趋势下跌

It isn’t just US equities that exhibit abnormally low expected future price volatility with a CBOE VIX Index reading of just 12.4 today. Implied Volatilities (what the VIX measures) for Emerging Market bonds/stocks, precious metals, and long dated Treasuries are all at or very near 1-year lows just now. EAFE stocks, the Russell 2000 and high yield corporate bonds do show noticeably higher “VIX of” readings, due to worries over European economic growth and late-cycle concerns over access to/cost of credit to marginal borrowers. All this got us to wondering: are US large cap stocks in some sort of bubble of complacency? ---Zero Hedge

As the S&P 500 gauge of U.S. stocks heads for a record close Tuesday, at least one investor in exchange-traded funds is positioning for a bigger bull run. More than $288 million shares in the $20.1 billion Vanguard Information Technology ETF, known as VGT, crossed the tape at 11:42 a.m. in New York, lifting trading in the fund to the highest in more than three months, data compiled by Bloomberg show.---Bloomberg

On April 10th, IMF launched a tweet poll asking “How do you think you will be paying for lunch in 5 years?”. The choices include cash, cryptocurrency, a mobile phone, and bank card. The choice of Cryptocurrency received 56% of the 37,000 votes and the next choice was via mobile phone with 27%. Therefore, could IMF’s poll serve as a clue to what lies in the future: Mass Adoption of Cryptocurrencies? The potential of Crypto Payments being the main method of payments is very real.---Zero Hedge

Gold prices on Tuesday finished lower as one popular measure of the U.S. dollar teetered near a two-year high, producing headwinds for bullion.Gold for June delivery GCM9, +0.02%  declined $4.40, or 0.3%, to settle at $1,273.20 an ounce, with the commodity suffering from the lowest most-active contract settlement since Dec. 26, according to FactSet data.---Market Watch




。今日芝加哥期权交易所的VIX指数（恐慌指数）仅为12.4。不仅美国股市的预期未来价格波动异常低，新兴市场债券/股票，贵金属和长期国债的隐含波动率（VIX衡量）刚刚达到或接近1年低点。由于对欧洲经济增长的担忧以及对边际借款人获得信贷成本的后期担忧，EAFE股票，罗素2000和高收益公司债券确实显示出明显更高的“VIX”读数。所有这些让我们想知道：美国大盘股是否存在某种自满的泡沫？ --- Zero Hedge

。正当标准普尔500指数显示美国股市周二创下收盘纪录的时候，至少有一位交易所交易基金的投资者正在押注更大的股市涨幅。据彭博社汇编的数据显示，201亿美元的Vanguard信息技术ETF（称为VGT）超过2.88亿美元股票于上午11点42分在纽约交易，将该基金交易量提升至三个多月以来的最高水平。 ---彭博

。4月10日，国际货币基金组织发布了一条推文调查，询问“您认为5年后您将如何支付午餐？”。选择包括现金，加密货币，手机和银行卡。加密货币的选择在37,000张选票中占56％，下一个选择是27​​％通过的手机。国际货币基金组织的民意调查可以作为未来发展的线索：大规模采用加密货币吗？ 加密货币支付作为主要支付方式的潜力是非常真实的.--- Zero Hedge

。周二黄金价格走低，因为美元徘徊在两年高点附近，对黄金产生逆风作用。六月交割的黄金GCM9下跌4.40美元或0.3％，收于每盎司1,273.20美元，根据FactSet的数据，该商品最活跃的合约遭遇自12月26日以来最低结算价。---市场观察