Because nothing says "sell vol with both hands and feet" and buy Biotechs like a collapse in the wage growth meme and consumer sentiment.
Because nothing says "sell vol with both hands and feet" and buy Biotechs like a collapse in the wage growth meme and consumer sentiment...
Investors flood into the safety of Biotechs...
As they dump any kind of protection en masse...
Who could have seen that coming?
S&P green. Next: VIX < 12
— zerohedge (@zerohedge) July 31, 2015
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