What Janet Hath Wrought...

"Unequivocally" dovish Yellen has sent oil prices soaring this morning - because, well who the f##k knows anymore.

 

Strength in gold and bonds yesterday was clearly not acceptable and now traders are rushing into Biotech safe-havens and dumping protection (VIX at 13.40 - lowest since Oct 2015).

 

With hedgies piling into short VIX bets at the fastest pace ever...

 

Thanks Gartman.