RBC's Wu Silverman Says Market Is Underpricing a Debt-Ceiling Resolution

The video discusses the market's expectations regarding the debt ceiling resolution, highlighting that the market is not pricing in a quick resolution. It explores strategies for positioning in market movements, particularly in anticipation of a crisis and its resolution. The discussion includes an analysis of market drawdown, the VIX, and the pricing of S&P options, emphasizing the current inexpensiveness of S&P calls.

What is the significance of the phrase 'you need to get the crisis before you get the solution' in the context of market trading?

What factors contribute to the current low levels of the VIX according to the speaker?