Seven consecutive up days so far, as markets price out the event risk from an attack on Syria. S&P Futures (ES) are on the highs, up 4.35 handles at 1687 even with 1.3MM minis traded. Session low came in at 1677.75, and session high at 1687.50. The unusual thing is, event with equity markets pricing out an attack on Syria, Oil is still high, crossing into 108 earlier, currently 107.81. The 10-Year is yielding 2.925% after a auction, where we saw demand for the 10 Year at the highest since June of 2011. AAPL is taking a massive hit, down over 5%, but it is not having the same effect on the markets like it use to. EURUSD ramping higher pushing above 1.33.
VIX absolutely crushed this week, and premiums absolutely murdered today, as hedgers unwind their positions, and sellers come in. VIX premiums continue to make new contract lows here. Will be interesting to see if protection will be picked up ahead of the FOMC meeting next week, as we await the Taper On/Off news. Also September VIX premiums expire next Wed. VIX is on the lows, down -4.34% at 13.90. VIX Futures
USDJPY 99.9190 EURUSD 1.3314