Crypto Bloodbath Amid Widespread Equity and Bond Carnage: VIX Breakout
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.
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