VIX Crushed As Curve & Commodities Scream Recession; Banks Skid, Big-Tech Bid
June 22, 2023 at 16:00 PM EDT
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
