BOE "Disappointment" Leads To VIX Flash Crash

It appears the machines were not expecting Mark Carney to disappoint this morning. When the Bank of England decision hit at 7amET, US equities instantly tumbled but VIX flash-crashed to almost an 11 handle, before reversing almost instantly back above 13.

 

Having run all the stops lower, it appears the machines have run out of VIX stomping ammo as stocks roll over at the open.