Markets went red after cash open, only to be takin green on “war-off” news, now that McCain has said he doesn’t back the senate draft. S&P Futures (ES) are making new highs here, up 7.15 handles at 1646.25 with 485K minis traded. 10 Year is yielding 2.865%, while Gold is getting wacked, down -1.68% at 1388/oz. The Syria news will most likely trump most economic headlines for now, until we get the NFP number on Friday.
VIX opened at 16.88, climbed to 17.01, and is now lower by -1.93% at 16.29. Europe’s VIX is down -.73% at 22.88.