It must have been awhile since waking up to US Top 10 most active stocks ALL in the red, Alibaba -2.97%, Tesla -1.95%, Apple -1.49%, Amazon -1.98%, Alphabet -1.59%, Facebook -1.25%. China stocks listed on Nasdaq continue to haemorrhage .
But the main indices barely reflect this, S&P500 down 0.47%, Nasdaq off 1.21% as we saw afternoon buying coming back to recover after earlier rumour of an Asian focused fund being in trouble.
...question is whether that is "smoke" before the fire.
VIX rose back above 19 today as China's chaos spread to FX vol and could mean more trouble ahead... Source: Bloomberg
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