Market predictability is at an extreme low. Rug pulls are happening on a regular basis, and spy is regularly being propped up by a few random, overvalued stocks.
VIX is back under 20, volatility is settling down.
Some unprofitable growth stocks have been sold off lately, but the rest of the market is chugging along just fine, at least until rates start to go up.
Here’s a way to keep an eye on the probabilities the market is assigning to rate hikes at future Fed meetings: https://www.cmegroup.com/trading/interest-rates/countdown-to...
Anyway, the person I was responding to said volatility and that is the metric I cited.