With all of the major averages in the green, the SPX over 2000 and the R2K outperforming on the day at +.73, the VIX is GREEN (spot) on the day and for most of the day.
The daily VIX is showing a very clean, clear reversal process, remember the VIX typically moves opposite the market so it should be down today, of course unless there's a demand (premium) for protection.
VIX intraday above yesterday's close most of the day so far.
Europe is closing, lets see what else pops up.
Also TLT is coming up, it looks like we will see some downside there (more than intraday).
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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