Crypto Bloodbath Amid Widespread Equity and Bond Carnage: VIX Breakout

Mike Mish Shedlock

The cryptocurrency selloff continued along with strong pullbacks in equities and bonds. The VIX is on the rise.

The top 20 cryptocurrencies are all in the red as of 1:50 Central.

Only ten of the top 200 cryptocurrencies are in the green.

This corresponds to a broad market selloff.​

Commodities Selloff Small

Gold is down a mere 0.10%. Gold and silver have been flirting with or even above break-even much of the day.

VIX Breakout

The last VIX daily close above 13 was on November 14, 2017 at 13.13.

The last VIX weekly close above 13 was on August 12, 2017 at 14.13.

Time for fireworks?

I do not know if this is the start of a major sell-off but one is long overdue, and it could be very ugly.

Mike "Mish" Shedlock

Comments (14)
No. 1-14
channelstuffing
channelstuffing

need to massively step up the money printing if they have any hope of the scheme surviving to spring.central banks will have to moar than double the amounted of freshly printed fiat to cover soaring deficits,soaring inflation ,soaring through the roof dept

thimk
thimk

I guess the algos aren't programmed that well on the downside. Danger Will Robinson.
https://www.youtube.com/watch?v=OWwOJlOI1nU

Greggg
Greggg

The 20 year treasury = 2.95%, 30 year = 2.91%.

Mike Mish Shedlock
Mike Mish Shedlock

Editor

An inversion - Thanks Greggg

Bam_Man
Bam_Man

SO many ways to lose your "wealth". LOL....

yooj
yooj

Today's crypto sell-off won't phase crypto bulls, except maybe for the very very most recent purchasers. Most players are holding huge unrealized gains, and they won't pay attention until there's a 50% down day.

Carl_R
Carl_R

There can't be a sell off. It's a new paradigm, and, if not that, at least we can be confident that we've achieved a new permanently high plateau. ;)

ReadyKilowatt
ReadyKilowatt

Perhaps the markets are worried about Trump's speech?

killben
killben

BOJ Unexpectedly Boosts Bond Buying Operation To Halt Rise In Yields ...

Oh my, here is a central bankster's teets that are on offer again. How do these central banksters plan to pull it off (QT and interest rate) ALL AT ONCE without toppling the financial system.

This is what happens when you know ONLY how to dig and get into a hole. You are screwed on the way back!

When you plan a heist, you should also plan your getaway.

killben
killben

A rise in bond yields or sell-off in stocks will soon bring the central banksters out of the woodwork. Jail these bas$%^@&

KidHorn
KidHorn

The drop in equities was due to amazon getting into the health care business. Massive selloff in health care led the drop. It's a one time thing. Not the start of a trend.

Oyvind
Oyvind

14 November 2017 would have been a great day to buy stocks ... just saying ...

KidHorn
KidHorn

Things that routinely go up or down 10% in a day, like a penny stock, are clearly solid investments.

Mike Mish Shedlock
Mike Mish Shedlock

Editor

There was no inversion on 20-Year as someone typed earlier


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