Bank Stocks, Bullion, & Bond Yields Jump Ahead Of Fed As Small-Cap VIX Hits Record Low

up…

 

While Small Caps and Trannies ended red, the other major indices held on to gains (record highs for Dow, S&P), though Mexico City's quake took some shine off in ther afternoon…

 

Futures show selling pressure as Japan opened, Europe opened and as US opened…

 

Interestingly, "Most Shorted" stocks have been fading since shortly after yesterday's open…

 

Retailers tanked today (orange) as banks (green) were panic bid once again into The Fed decision tomorrow…

 

Financials tagged recent high stops after smashing through the 50DMA finally…

 

FANG Stocks slid after the opening ramp but dip-buyers were there once again…

 

Mewanwhile, Russell 2000 VIX collapsed to a new all-time record low…

 

And then there's this utter fucking farce…

 

Around 1pm local time, Mexico City was hit by a 7.2 quake which sent the peso and mexican stocks lower…

 

Markets are implying zero chance of a rate hike tomorrow but December's odds surged from high teens to over 53% in the last few days…

 

Treasury yields ended modestly higher ahead of The Fed tomorrow…

 

 

With 10Y Yield hovering right at the same level as when FOMC Minutes hit…

 

The Dollar Index leaked lower in a narrow range today…

 

Gold and silver rose on the day (especially after Mexico) as WTI slipped in the afternoon ahead of API data…

 

Gold has inched back ahead of the S&P year-to-date…

 

And finally, as we noted earlier, 2017's "Big Short" is paying off…

via http://ift.tt/2wvw4oH Tyler Durden

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