VIX Crashes To Record Low Close, Gold Win Streak Longest Since 2011, Crypto Tops $700bn

What a day...

 

Following the FOMC Minutes, the dollar was bid and gold was dumped... but that did not last too long...

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Nasdaq roared higher once again today as did the rest of the equity market... (Dow nears 25k, Nasdaq well over 7k, S&P over 2500)

 

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VIX was monkeyhammered to an 8 handle for only the 6th time in its history... (the close on 11/3/17 of 9.14 was the lowest in history) VXST dropped to 7.33 record lows.

 

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Bear in mind that VIX had only traded with an 8 handle once before 2017 (on 12/27/93)

 

Despite a rise in March rate hike odds, treasuries at the long-end rallied (yields dropped)...

 

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The yield curve flattened dramatically today, erasing all of yesterday's steepening...

 

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The dollar index managed to cling to some gains, but gave back all of the post-FOMC spike...

 

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Gold was smashed lower after the FOMC Minutes but rebounded into the green for the day...

 

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Gold Futures are up 9 days straight today (also in 2/18/14) - has not been a longer winning streak since July 2011 (right before the USA ratings downgrade).

Silver is hovering above a key technical level...

 

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WTI/RBOB both rallied notably today ahead of tonight's API inventory data...

 

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Notably Copper - after its epic run - is down in 2018...

 

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In the crypto space, Ripple screamed higher once again today, Ethereum jumped to a new record high, and LTC and BTC trod water...

 

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As prices rises the market cap of all crypto currencies has soared above $700 billion for the first time...

 

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So record low risk forecast (VIX), record high stock prices, record high crypto market cap, near-record win streak in gold, and record plunge in the yield curve... and this...