VIX Slammed Under 12, S&P To Record Highs As Yellen Starts To Speak

UPDATE: Stocks have roundtripped again since she started…

Having oscillated in a wide range immediately after the FOMC statement’s release, stocks have decided that up is the way to go and the S&P 500 just hit new all-time record intraday highs (helped by a VIXnado collapse under 12 and surge in USDJPY). Treasury yields are higher, USDdollar is higher (but fading back from its initial spike), and gold and silver and unchanged.

VIXnado