Sports

"You get a red line, you get a red line, everyone gets a red line..."

Source: Townhall.com

Having bounced off the 50-day moving-average, this morning's ADP print seems to have ignoted just enough momentum to squeeze shorts once again (just ignore the PMI data).

Spot VIX is getting hammered back towards a 10 handle... because, hey, there's no risk anymore, right?

It appears negotiations between the Trump/Ryan camps and the conservative Freedom Caucus over Obamacare repeal have not only gone nowhere but are back to square one, or perhaps zero, because moments ago Donald Trump, who had taken a modest sabbatical from his favorite social network, lashed out on Twitter against the conservative group that scuttled last Friday's repeal vote, saying "The Freedom Caucus will hurt the entire Republican agenda if they don't get on the team, & fast. We must fight them, & Dems, in 2018!"

VIX was monkey-hammered back to almost an 11 handle at the US cash open this morning, in a desperate bid to get The Dow back green and prove that the Trump rally is still in tact... but it didn't ignite the momentum many had hoped for...

Republican Representative Ted Poe resigned from the House Freedom Caucus on Sunday in disagreement over the conservative group's role in sinking President Trump healthcare plan. He suggested his resignation was because he wanted to vote for the Republican healthcare proposal which was adamantly opposed by the right-wing caucus.

“I have resigned from the House Freedom Caucus,” Poe said in a statement. Poe broke with the House Freedom Caucus’s views of the GOP healthcare proposal and planned to vote for the bill, which House leaders ultimately pulled from the floor on Friday.