RBC's Silverman Doesn't See Volatility Blowup in Stocks

The transcript discusses the relationship between tech stocks and market dynamics, highlighting the impact of mega-cap tech on market volatility. It explores the underperformance of equity skew in derivatives markets and the relative inexpensiveness of downside options. The conversation also compares volatility across equities, FX, and bonds, noting the historical context of rate suppression and its effects on current market conditions.

What factors are influencing the correlation in the tech index as mentioned in the text?

What implications does the decline in correlation have for volatility until year-end?

How does the current equity skew in the derivatives market compare to historical trends?

What are the potential outcomes for equity volatility in relation to FX and bond volatility?

Discuss the significance of the ten-year rate suppression on current equity volatility.