The chart of the day comes courtesy of ETFdaily news. It shows that while the market has been rallying off late and the Vix has been hitting lows near the 13 level, the CSFB fear gauge has surged to a record high. This shows that institutional investors have been buying out of the money put hedges in large amounts and are not believers in this rally:
Elon Musk Admits Tesla Ads Were 'Far Too Generic' After Laying Off US
Marketing Team: 'Could've Been Any Car'
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The EV giant has removed its newly formed marketing team as part of the 10%
companywide layoff announced last week.
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35 minutes ago