Interactive Brokers' Sosnick Says Bullish Consensus Hasn’t Been Broken Yet

The video discusses the recent spike in market volatility, focusing on the VIX and S&P 500 trends. It highlights the unusual rise in the VIX alongside a bull market in January, and analyzes the S&P 500's position relative to its moving averages. The discussion covers market reactions to sell-offs, the use of leverage, and the discomfort caused by shorting volatility. It concludes with a look at VXX trading strategies, emphasizing the risks and protective measures for those shorting VXX.

What is the significance of the bullish consensus mentioned in the discussion?

What strategies are suggested for trading VXX in the current market conditions?