Bad (ADP) news was good news but good (ISM Service) news is devastating and stocks are collapsing to fresh 2014 lows this morning as high-beta hope trades unwind en masse. The small-cap Russell is underperforming. All indices are now notably negative from the December taper. The Dow is down 7.4% in 2014! VIX is back over 20.5%
An ugly year so far...
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All red from the Taper...
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