The recent plunge in the US stock market ended the extended run of tranquility in equity returns. The media’s metric of choice to cite this change is the CBOE Volatility Index, or VIX, which surged earlier this week to the highest level in nearly three years, based on daily data. The upward explosion was even sharper on an intraday basis.
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Senate leaders agree to 2-year spending deal: NY Times
Pro-government forces in Syria attack US troops: WaPo
Dallas Fed President: US growth could slip over next 2 years: Reuters
Dept of Homeland Security: Russians penetrated US voter systems: CNBC
Canada Prime Minister raises doubts about revising NAFTA with US: Reuters
US consumer credit increased to a record $3.84 trillion (s.a.) in Dec: MarketWatch
Late-day rise in Treasury yields coincides with late-day slide in stocks: Bloomberg
10-yr T-Note yield rebounds to 2.84%, matching Monday’s 4-yr high: Treasury.gov