Two Stunning Facts About Last Week's VIX Explosion

While the events from last Thursday's volatility explosion may now seem like a distant memory, here are two stunning facts about last week's VIX explosion, and this week's subsequent vol collapse.

Watch Live: White House Holds On-Camera Briefing

In light of the fact that it's been a rough day for the Trump administration, this routine briefing could escalate rather quickly as reporters are probably brimming with questions about the ongoing controversy about Trump's response to the violence in Charlottesville Va. this weekend.

Venezuelans Face 25 Years In Prison For "Hate Or Intolerance"

In a harbinger of what - for various reasons - may be coming to the US, Venezuela's brand new "all-powerful" constituent assembly is set to pass a bill that will jail anyone who expresses "hate or intolerance" for up to 25 years, a measure which the local opposition - and everyone else - is certain will be used by Maduro's regime to silence and punish all dissent.

Iran's Supreme Leader Mocks Trump In Tweet About Charlottesville

This is rich coming from a guy who referred to Israel as a "cancerous tumor of a state" that should be "annihilated" and constantly subjects female activists to prison time and "lashings" for having the audacity to speak out about gender bias, an action which Khamenei says only serves to "corrupt the role of women in society."

FOMC Minutes Signal Balance Sheet Normalization Begins In September, Most Saw Inflation Pick Up

Since the July 26th 'nothingburger' FOMC statement, Nasdaq is down but bonds and bullion are higher as domestic politics and global war have trumped monetary machinations. All eyes in today's Minutes will be on any mention of inflation and the balance sheet. The Fed sees inflation "picking up over the next couple years" but this came before last week's dismal CPI/PPI data (and they noted "downside risks"), and confirmed that they will make a balance sheet move "at upcoming meeting."

5 Charts To Remove The Bubble 'Blinders'

"The financial crisis of 2007/2008 was an epic failure of so many to simply recognize the signs all around them. That tragedy will pale in comparison to the bubble that continues to build in the current market. By operating without blinders those involved in the market can stay above the noise."