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Heading into today's vote, FX options markets had seen massive demand for downside protection against a result that threatened the euro's existence. That didn't happen and so those hedges are being unwound en masse with the biggest drop in EURUSD implied vols in history...

Close up, 1mo EURUSD vols erased all the damage from the last few weeks' fears...

And Risk-Reversals (which measure the skew or relative demand for downside protection over upside), have spiked back to near 'normal' levels...

Satellite images of the Punggye-ri Nuclear Test Site from April 19 indicate that North Korea may have resumed preparations for a possible imminent nuclear test.

The global warming activist democrats in Trump's White House, led by Ivanka and Jared Kushner, are trying to convince the President to reneg on yet another campaign pledge, against the advice of Steve Bannon.

According to Bloomberg, a pro Paris bloc in his administration, which targets greenhouse emissions, is recruiting energy companies to lobby the President to remain in the controversial agreement that he specifically said was a waste of money during the campaign.

Hawaii lawmakers want state officials to update plans for coping with a nuclear attack as North Korea develops nuclear weapons and ballistic missiles that can reach the islands.

Imagine that the unthinkable has happened. A massive asteroid impact triggers a “nuclear winter” effect, or one of the world’s most dangerous supervolcanos erupts. Maybe Donald Trump gets in an epic Twitter feud with Kim Jong-Un that initiates World War 3. Either way, things are going sideways, and the fate of human civilization itself is at stake. Will everything be lost? Visual Capitalist's Jeff Desjardins explains...

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