VIX Crush Saves Stocks As Crude Drops, GDP Flops, & US Credit Risk Pops

A slew of disappointing data (hard and soft), government shutdown fears growing, collapsing GDP expectations, and declining earnings expectations… WTI and RBOB plunging, bonds bid, and gold higher… and then there's North Korea!!

 

VIX was clubbed like a baby seal again intraday (who the fuck needs protection ahead of a possible government shutdown) in utter desperation to keep The Dow green on the day…

VIX has only closed lower than this once since February 2007!

 

While Nasdaq and Trannies rallied, Small Caps ended red and The Dow and S&P desperately clung to unch…

 

Trump's Tax Plan continues to disappoint with bonds & bullion bid still as banks and stocks weaker…

 

And the big banks are all down since Trump unveiled the tax plan…

 

Government shutdown remains a real possibility but stocks don't care (USA CDS do though jumping 3bps today)…

 

The Energy complex was big news today as machines seemed to read yesterday's DOE report and realize that OPEC is failing…

 

Treasuries were bid once again (but remain higher on the week)…

 

Some volatility in EURUSD surrounding Draghi's on-again, off-again QE chatter…

 

Left the USD Index modestly lower on the day…

 

The Peso and Loonie were once again swinging around on every headline from The White House regarding NAFTA

 

 

Bitcoin surged to record highs, overtaking gold once again…

 

Silver is down for 9 of the last 10 days to 6-week lows (below ist 100DMA) and goldis finding support at its 200DMA…

 

And finally, this…

 

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