VIX Snaps To Six-Month Highs On Longest Stocks Slump Since May

For the first time since May, the S&P 500 has fallen for 5 days in a row. VIX has very much heralded the fact that investors were not as bullish as media-types would like to believe - as we have vociferously noted - and today's jump in the VIX pushes it to six-month highs over 21%. The S&P 500 futures ended the day-session at the week's lows testing down just shy of last week's flash-crash lows. Meanwhile, while equities slumped catching down to Treasury yields, commodities were relatively flat as was the USD; it seems that the excess longs in equities relative to the rest are unwinding - a different picture than what was seen during last Summer's debt ceiling debate.   S&P 500 futures slumped further after the day-session close to test the flash-crash lows from last week...   VIX has been sending the message (and we have been relaying iot - especially yestewrday's...