ZeroHedge – VIX Tops 17 Sparks “Santa-Rally” Negating Sell-Off – 31 December 2014

ZeroHedgeThis is not USDJPY-driven. VIX has diverged (as has HY Credit) for the last 3 days but the push higher in the ‘fear index’ in the last few minutes (with no obvious catalyst) has dragged the S&P lower – erasing (once again) the Santa-Rally gains…

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