Business

Volatility Index Futures (VX)

VIX futures spiked up to 13.47 during the session before reversing 12% lower and closing back down at 11.88.  Today's 13.47 intraday high was just:

Authored by Lance Roberts via RealInvestmentAdvice.com,

In her last testimony before Congress as head of the Federal Reserve, Janet Yellen made a curious statement:

So to summarize - the former national security chief agrees to testify against the sitting president and The Dow drops 40pts...

China stocks were mixed with CHINEXT surging overnight but CSI300 ending at the lows (worst week in 2017)

Representing a major segment of EM stocks, TATS are the Asian 'FANGs', and they just suffered their worst week on record.

Taiwan Semi, Alibaba, Tencent, and Samsung are TATS and account for over 16% of the MSCI EM Stock index (considerably more than FANG stocks represent in the S&P).

TATS have traded lower for 4 of the last 5 days - tumbling almost 8% to one month lows...

Tencent is the biggest loser...

The biggest weekly drop in the history of the 4 stocks...

Overnight no BTFD in these names.