MOVE is shouting VOLATILITY. 🔴

Highest level since April 2026 and already close to the range that the index’s creator treats as a loss of control in the bond market.

The VIX held steady at 16.04.

The divergence I pointed out last week didn’t correct. It increased.

And now it adds up with the widening credit spread and the SPX skew hitting the year’s low.

Something is cooking...