VIX Crushed As Curve & Commodities Scream Recession; Banks Skid, Big-Tech Bid

Solid US housing data was offset by weak Chicago Fed National Activity Index data, poor labor market signals (claims), dismal LEIs, and ugly Kansas City Fed Manufacturing data as a wave for hawkish central bank action prompted an odd assortment of actions across asset classes – dollar strength, yield curve compression, VIX hammered lower, long-duration […] Source