FANGtastrophe Strikes Stocks As Growth Gamble Gives Up After VIX Hits 24-Year Lows

Been a while since we have been able to use this one...

Video length: 00:00:09

Something changed today - the incessant bid for growth disappeared and value outperformed dramatically...

(Click on image to enlarge)

Small Caps soared again today, before getting dragged down with everything else... (but Nasdaq plunged - worst day since Brexit) - They tried to BTFD

(Click on image to enlarge)

And Small Caps have still managed to rise for 3 straight weeks...The Dow managed to bounce back into the green towards the close on a big buy-biased MOC

(Click on image to enlarge)

Small Cap Financials exploded higher in the last few days - the biggest jump since the election

(Click on image to enlarge)

VIX hit a 24-year low before all hell broke loose spiking above 12, and its 50/100 DMA...

(Click on image to enlarge)

At 9.37 lows today, this was the lowest VIX print since 1993...

(Click on image to enlarge)

FANG stocks were slammed today...biggest down day since the election

(Click on image to enlarge)

AMZN lost $17B in mkt cap in about 5 seconds.

(Click on image to enlarge)

Not helping this note from Goldman...

AMZN had a fun afternoon...

(Click on image to enlarge)

NVDA faded when Citron's Andrew Left called the crazy-AI/VR/Chip/All-Things-To-All-People company a "casino stock"

(Click on image to enlarge)

Tech tumbled as Energy and Financials surged...

(Click on image to enlarge)

Treasury yields rose for the 3rd day in a row - pushing higher on the week, erasing the gains from payrolls...but the tech plunge into the close sent yields back lower...

(Click on image to enlarge)

The Dollar Index ended the week unchanged despite chaotic swings in Cable, EUR, and AUD...

(Click on image to enlarge)

Cable retraced most of its post-My-Snap-Election gains after last night's disappointment...

(Click on image to enlarge)

Bitcoin had another big week (+16.7%) - up 8 weeks in a row - mainly driven by early week gains..

(Click on image to enlarge)

WTI/RBOB bounced modestly today ended the week ugly...

(Click on image to enlarge)

Silver and Gold were down on the week...

(Click on image to enlarge)

There's this... While we have heard every excuse for why this ratio is not relevant, we can't help but wonder how this is anything but a caution sign...

(Click on image to enlarge)