Nailed the timing on this one. The macro team had VIX selling high on their priority list, and the market delivered exactly that today. Just got off a call with a broker—vol's been getting hammered all session. What's interesting is the skew behavior we're seeing alongside it. When volatility gets crushed like this, you typically see shifts in how the market prices tail risk versus near-term swings. Classic playbook: fear premium deflates, positioning unwinds, and buyers step in at lower levels. If this pattern holds, watch how the macro data drops next week—that'll determine whether we're looking at a sustained vol compression or just another fakeout.