Well that escalated quickly... high beta momo stocks are continuing to accelerate lower this morning as BTFD'ers seem absent for now. VIX topped 22 - its highest since Dec 2012. Once again, stocks tried to decouple from bonds (twice) and failed...
It seems the "D" for Tesla stands for Down...
VIX smashed over 22 intraday...
And surprise... S&P plunges back to bond reality - twice...



