Pete Najarian on Navigating VIX, Energy Stock Surge & Crypto Volatility

• Market experiencing high volatility with the VIX consistently above 30, indicating significant daily price swings.
• Energy sector (crude oil, heating oil) is 'on fire' due to geopolitical events, while previously high-flying tech/memory stocks and gold are seeing profit-taking and declines.
• Bitcoin and Coinbase are showing weakness, trading near lower ranges, and there's a notable absence of hedging (put orders) in the broader market, suggesting investor complacency or uncertainty.

Pete Najarian discusses the current market dynamics, highlighting significant volatility and a prevailing de-risking sentiment, especially heading into weekends. He notes the strength in the energy sector due to geopolitical tensions, contrasting it with weakness in tech and crypto, and expresses concern over the lack of hedging activity despite elevated VIX levels.