RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Crude Carnage Slams Stocks To Longest Losing Streak In 36 Years Fri Nov 04, 2016 6:29 pm | |
| After 8 losing days in a row, the battle was on today to avoid 9 in a row.. AND THEY FAILED - this 9-day losing streak is something that has not happened since Dec 1980.
VIX was up 8 days in a row before today (touching 22.99) - A mini flash crash struck as payrolls printed but all efforts were in place to try and get S&P green. Today's positive VIX close is the 9th in a row - an all time record streak.
Everyone and their pet rabbit is hedging...
VIX term structure is the most inverted since Brexit (and the Aug 2015 crash)
http://www.zerohedge.com/news/2016-11-04/crude-carnage-slams-stocks-longest-losing-streak-36-years |
|