VIX Jumps To 9-Week High

It seems not everyone is so confident that this market drop is dip to be bought. With most of the Treasury complex trading 'special' and the S&P 500 back below its 50DMA, investors are grabbing protection where they can. Credit indices are notably wider but it is VIX at 16.56% that is in great demand as it hits nine-week highs.

and note that this morning's cash open ramp merely took S&P 500 futures to VWAP to enable institutional selling...

Charts: Bloomberg