Implied volatility for the Dow relative to the broader market is at its highest level since the financial crisis of 2008-2009.
The market is losing confidence in the dip buyers -- and that is a problem.
Pockets of sell-the-news are beginning to appear.
The Russell 2000, S&P 500, Dow Jones, Nasdaq and junk bonds are all on the move higher. Did you miss your chance to buy the dip?