VIX Derivatives At "Scariest" Level Since August 2015 Crash

While VIX remains subdued at bull-market-narrative-confirming levels, there are extreme concerns being exhibited in VIX options. There are currrently almost 7 times more 'call' options (bets on a higher VIX) than 'put' options oustanding on the 'Fear' index - the highest since August 2015, just days before China devalued and the US equity market crashed.

Hillary Refuses To Comment On FBI News As She Deplanes In Iowa

With reporters desperate for a soundbite from Hillary, she refused to add fuel to a fire which at this point she has no control over, and as BBC's Kim Ghattas who covers the Clinton campaign just tweeted, she deplaned her plane in Cedar Rapids, Iowa without a comment.

"World's Most Bearish Hedge Fund" Shuts Emerging Markets Unit After 17% Loss

We had previously dubbed Horseman Capital the world's most bearish hedge fund for one reason: as recently as a few months ago the firm's Global Fund had taken its net equity short position to an unprecedented -100%. Horseman is now in the news once again as it is liquidating an emerging markets focused hedge fund following losses totaling 17% this year and difficulties raising capital, according to a letter sent to investors.

A Presidency From Hell?

Hillary Clinton would enter office as the least-admired president in history, without a vision or a mandate. She would take office with two-thirds of the nation believing she is untruthful and untrustworthy. Yet the hostility Clinton would face the day she takes office would almost seem to ensure four years of pure hell. The reason: her credibility, or rather her transparent lack of it.

Brexit Blowback Begins: UK Home Electronics Prices Spike As Currency Crashes

The Brexit blowback on British consumers tightened today as Apple and Electrolux responded to the collapsing pound by charging dramatically more for their products in the UK. As Bloomberg reports, Apple quietly raised the cost of some of its machines including the “Mac Pro” by 20% overnight, while Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10%.