Amy Wu Silverman: The lesson for a long time now has been that you buy the dip

• Investors are exhibiting bullish sentiment, with single-stock options volume near its highest since 2021, driven by call buying interest and a 'buy the dip' mentality.
• The CBOE Volatility Index (VIX) is historically suppressed (around 15), suggesting overall market calm at the index level.
• Beneath the surface, there's a 'paddling duck market' with multi-standard deviation moves in individual stocks/sectors (e.g., software vs. semiconductors), indicating hidden volatility.
• The options market is signaling a bet on continued low correlation between different assets, but this could change with macro concerns like the US midterms or international elections.

Amy Wu Silverman discusses the current bullish sentiment among investors, particularly evident in the options market with high call buying interest. Despite a suppressed VIX, she highlights 'paddling duck market' dynamics, where index-level calm masks significant volatility in individual stocks and sectors. The options market is signaling a bet on continued low correlation, though macro events like the US midterms could shift this.