“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…
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