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VIX Set For Lowest Annual Average Ever, But...

VIX Set For Lowest Annual Average Ever, But...

While intra-month the CBOE Volatility Index reached its highest since November, before plunging back to earth into the end of the month, VIX is still on track to post its lowest annual average on record.

Bloomberg notes that in the past decade, VIX gains in August were followed by September declines in all but one instance.

While VIX has collapsed so far this year, it may not last.

Gold Pops, Stocks Drop As Futures Open After Korean Chaos

Gold Pops, Stocks Drop As Futures Open After Korean Chaos

In an echo of last week's move following North Korea's teating of missiles across Japan's territory, futures markets are opening in a decidedly risk-off mannwr following North Korea's "hydrogen bomb" test. Dow Futs down 100 points, Gold jumping and Treasury bonds bid...

 

All major US equity indices are down...

 

Gold is back above $1340...

 

USDJPY broke below 110.00

 

And VIX futures are spiking back into last week's Korea crisis region...

 

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