First Phase of Volatility Selling Is Done, UBS's Parker Says

The transcript discusses the redemption of short ball products and the completion of a market selling phase. It highlights the potential for further volatility due to passive risk control and risk parity funds. The conversation also covers the reaction of financial products to changes in volatility, particularly those designed to sell volatility. The role of central banks and the impact of excess liquidity on these products are also examined.

What factors could lead to a semi-permanent higher level of VIX volatility?

How might changes in central bank policies affect risk parity products?