Introducing the Vol Dash by TCM, a weekly update on markets and positioning through the lens of TCM’s Volatility Dashboard.
Vol Dash for week ended 5/15/26
After a Friday selloff, the S&P 500 finished nearly unchanged last week while early signs of tension in the VIX marketplace continued to build. Between rising interest rates, VIX futures curve flattening and the recent inflection higher in VIX Thrust, the conditions for an equity correction appear to be gathering.
With the market freer to move following last week's monthly options expiration, this week's earning reports from Walmart and Nvidia may carry extra weight.
TCM Volatility Dashboard Signals 1/2/24 - 5/15/26. Source: TCM. Click for larger image
Exposure Update for week ended 5/15/26
Tactical Beta and Tactical Q added initial (10%) VIX positions on Friday in response to the "early warning" from rising Thrust.
Tactical Beta daily exposure, trailing 100 day as of 5/15/26. Source: TCM. Click for larger image
Tactical Q daily exposure, trailing 100 day as of 5/15/26. Source: TCM. Click for larger image