Doom Loop Update: VIX ETP ‘Risk’ Remains High
Well it seems at least possible that the VIX will spend the entire session in double-digits - no small feat in the current environment.
Overnight, a combination of factors including Catalonia's refusal to disavow the independence referendum, some shenanigans in Hong Kong, and a throwaway comment about "Minksy moments" from the PBoC’s Zhou Xiaochuan, triggered a bout of risk-off sentiment the scent of which is still lingering like napalm in the morning.
Given that we might have finally s
You shoulda waited a bit before publishing this… cuz the S&P Vix will probably get Powell’d on Friday.
Dow going even higher than Bam-Bam’s opinion of himself… 23700 next up and the clueless MSM & trump will cheer like it’s a good thing.
…i coulda/shoulda also said “trump’s opinion of himself”