sp'daily5
VIX'daily3
Summary
*VIX looks set to hit the low 15s... although if sp'2080, that might equate to VIX 16/17s... briefly.
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With continued strength in the USD, today has certainly turned out to be a lot more dynamic than expected, with sig' declines across all indexes... and most commodities.
It really is a case of whether the USD cools to 90/89... or just pushes straight up to the 120s.
If there is no cooling to the low 90s across June/July.. then 120s are due by the autumn.. and that would make for a broader market shock.
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notable weakness: copper miners, FCX -4.9%, TCK -6.2%...
AAPL -1.9%... with the Nasdaq comp' -1.2% at 5026...