Powell’s comments were somewhat hawkish, but the algos swept in and crushed the initial pop in volatility, driving VIX back below its 200-day moving average…
…in order to preserve a gain, which prevailed overnight.
A 32% plunge in VIX to preserve an 8-pt gain in SPX? Sure, why not. It’s the end of the month and we have poll numbers to prop up.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |