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welcome welcome to volatility411 for equity armor investments iamp;#39;m joe t gay the portfolio manager of the rational equity armor fund the marketamp;#39;s slightly lower today weamp;#39;re getting a rise in the vix correspondingly we also have a rise in the mixed futures not surprisingly as weamp;#39;re waiting for the fed minutes now uh weamp;#39;ve been watching uh the value versus growth trade for some time all year long seemingly and thatamp;#39;s the one main thing which has kept correlations lower which is kept volatility lower even though weamp;#39;ve seen big movements in the nasdaq big movements in value index big movements in the growth semiconductors etc in banks um but they are moving in opposite directions thatamp;#39;s causing uh lower volatility because of that so thatamp;#39;s uh interesting to see of course we have the vix at 16 and a half thatamp;#39;s the low end of the range that weamp;#39;ve seen lately and thatamp;#39;s because of course of these l
