And For That Flashy Crashy Smell, Here Are Surging Vol And Implied Correlation

Tyler Durden's picture

You can look at the Dow which is hilariously green on the day despite the now doubly confirmed contraction of the US economy. Or you can look at the VIX which is now surging in what can be classified as an offerless market, and up well over 10% at last check. NYSE Circuit breakers now off.

And just to make sure that the market has that fresh Flashy Crashy smell to it, here is Implied Correlation.