Stocks Slammed As VIX Spikes To 1-Month High

The Dow has tumbled back below 26,000...

 

https://www.zerohedge.com/sites/default/files/inline-images/20180116_vix2.png

And all major US equity markets are stumbling notably after their exuberant open...

https://www.zerohedge.com/sites/default/files/inline-images/20180116_vix1.png

As VIX extends its pre-market ramp above 11 to its highest in 5 weeks...

https://www.zerohedge.com/sites/default/files/inline-images/20180116_vix.png

Notably, Morgan Stanley points out that over the last two weeks investors have bought the 2nd largest amount of S&P 500 futures (as measured by MS Trade Pressure) since at least 2010, while at the same time net holdings of S&P 500 calls are the highest and the net holdings of S&P 500 puts are the lowest since at least 2010.

Probably nothing.