woensdag 26 juli 2017

VIX Crashes To Record Lows As Fed / ECB Double-Whammy Smashes Dollar

Well that escalated quickly...


"Hawkish" comments from ECB's Nowotny combined with "dovish"-sounding inflation comments from The Fed...


Sent the USD index plunging to its lowest close since May 2015...


The machines read the FOMC Statement, saw nothing scary and insta-dumped protection, crashing VIX to a new all-time record low of 8.84...


This was kind of odd though; Russell 2000 'VIX' crashed at 1059, a minute before the statement...


Post-Fed, gold is the best-performer...


On the day, The Dow was the best performer as Small Caps lagged (especially after The Fed)...


Boeing's massive 9.2% spike today (biggest day for Boeing since 10/28/08) was responsible for 132 Dow points. Futures show the reaction in Dow Futs...


Bonds were aggressively bid with the belly notably outperforming...


As we noted above the dollar was clubbed like a baby seal with EUR rallying the most on the day...


As the dollar nosedived, gold spiked back above $1260, breaking through all major technical support, back to June Fed rate hike levels...


WTI pumped and Dumped on the DOE data (big draw but big production surge) but the dollar weakness helped lift it into the close...


Finally, there's this..