A few Different charts

below is the  Merrill Lynch Skew indicator which is a measure of relative Demand for protection against large swings in major Global equities and currencies.levels greater then Zero indicate more stress then normal(Bloomberg)

MERR

Below is the credit Suisse fear barometer,it measures investor sentiment horizon by pricing a zero-cost collar.Collar implemented by selling 10% OTM SPX call and using proceeds to buy OTM PUT. The higher the level the greater the Fear(Bloomberg)

jhghohj

So, little fear in the markets and no big swings expected not good for Volatility.But on flip side Complacent market can over react on a surprise shock

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