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S&P 500

VIX Jumps, Futs Slide As ‘100% False’ Gary Cohn Rumor Hits Markets

Rumors are circulating that Gary Cohn is out. 

Update: Axios says “sources” say this is 100% false…

We’ll see.

These “100% false rumors” in the Trump administration have a knack for becoming “100% true” in fairly short order.

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Rumors are circulating that Gary Cohn is out. 

Perhaps our plea to old Lloyd was heard after all (obviously that’s sarcasm, but someone will take it seriously):

Here’s the reaction in S&P futs, the VIX, and Nasdaq futs (descending order):

Cohn2

And here’s USDJPY:

JPY

More to come…

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3 comments on “VIX Jumps, Futs Slide As ‘100% False’ Gary Cohn Rumor Hits Markets

  1. John Watts

    Everything is on edge now. I’ve been having a lot of fun day/swing Trading UVXY/SVXY. But if staring at a monitor is not your thing, I say best keep a long vol position over short-medium term and sell short dated (single digit days) covered calls when IV jumps

    • John Watts

      Seems the market is ready to blow up on anything. Undeveloped/unconfirmed rumours make VIX spike like this…imagine if a real catalyst happens… which under Trump seems more likely with each passing day.

  2. What’s all the fuss about? I never even like ‘Walking in Memphis’ anyway…

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