SEE THE CHARTS AT LINK:
http://www.zerohedge.com/news/2013-12-17/bonds-bid-stocks-skid-ahead-taper-decision
S&P Drops & VIX Pops As 4th Hindenburg Omen Spotted
Submitted by Tyler Durden on 12/17/2013 16:13 -0500
inShareTreasuries rallied from the pre-open release of inflation data this morning and never looked back (with 30Y unch on the week and 5Y -4bps). Stocks tumbled notably through the US open but recovered as Europe closed hovering quietly around VWAP all afternoon.
The rally back in stocks coincided with a drop in VIX which smacked of hedges being lifted and exposure being reduced into the momentum-ignoted strength. Gold and silver saw weakness (though the latter is still +1% on the week). The USD weakened notably as Europe closed with some significant CHF buying.
Stocks closed ugly...as VIX was significantly bid (up for the 6th day in a row - and 14 of last 16 days) and the 4th Hindenburg Omen appeared as the cluster grows.