The Noon Ramp

Noon is the new 1:30pm, is the new 2:30pm is the new 3:30pm. Pretty soon algorithms will gun the market starting before the market even opens. Smells suspiciously like desperation.

Below you can see the spike in VXV and equities at exactly noon, which despite a strengthening dollar was fed by the significant drop in Treasuries, ahead of today's auction. The Fed's liquidity refuses to sit still.