Demand for protection against losses is rising.

https://twitter.com/farrisbaba/status/1409479433745014784

Weekly VIX chart: line in the sand… pic.twitter.com/GtmRn5Paf5

— Julien Bittel, CFA (@BittelJulien) June 28, 2021

Short sellers are back as S&P 500 has hit new heights & on track to post one of best first halves on record. Bearish bets on SPDR S&P 500 ETF have climbed to 5% of its shares outstanding, from <2% at start of this year, BBG reports. Demand for protection against losses is rising. pic.twitter.com/aYlwQElmHn

— Holger Zschaepitz (@Schuldensuehner) June 28, 2021

Emergency ECB Stimulus Could End Next March

The European Central Bank could end its emergency stimulus scheme next March and markets may be right in not pricing in an increase in more traditional bond purchases, Austrian central bank chief Robert Holzmann said on Monday.