gained over 1%. 10-, 20-, and 30-day volatility rose on the day. Additionally, the implied volatility unwind for S&P 500 components will start today when two of the Mag 7 stocks report results.) will see their implied volatility plunge on Wednesday once earnings events pass, which will play into the volatility dispersion trade that has been rotating through the market. This should help push implied correlations higher over the next few weeks, as companies report.
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