Traders have disappeared from sight this morning. Volume is about as low as it could be, despite a big miss (which didn’t even make the front page of CNBC.com) in Durable Goods new orders: -2.0% vs +1.2% expected. YoY, the drop was 5.7%, the worst since Jul 2016.
Futures plunged all of 4 points which, of course, sent VIX to the rescue with a compensating plunge.
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