Stocks Soar On Non-War, Bad-News-Is-Good-News V-Shaped Recovery

US equity markets have v-shape-recovered this morning after plunging on a combination of good housing data (that's bad news), weak manufacturing data and dismal consumer confidence which then was accelerated as Iran headlines smashed oil higher. All that was quickly forgiven and stocks have soared... Small Caps are now 1.5% as 'investors' panic-buy back to the highs of the day... VIX was monkey-hammered from 14.25 to back under 13.

 

 

as it seems someone decided - long before the headlines hit that this was a non-US Ship - that VIX was to sold hard...

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