Larry Shover / larryshover.com
We enter the first day of the trading month with equity volatility trading at/around the 6th percentile. Oil one-month vol trades down last week 1.3 points, to about 26%. Biggest influencers of volatility last week -- Europe and 10-year, while asset class volatility has seemed to diverge away from FX and gold volatility. It's all so strange.