With spiking above 13, US equity markets appear to be suddenly waking up to the potential that The Fed's constant stream of positivity was smoke and mirrors all along and a September full of massive event risk probably doesn't warrant buying the record high...
As VIX breaks out...
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S&P 500 is tumbling towards its 50-day moving average...
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And Small Caps have plunged through the 50- and 100-day moving averages....
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