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VIX Tops 15 As Stocks Slide To 2-Week Low

Just 2 days ago everything was awesome (according to stocks). Nasdaq hit 5000 proving it's different this time, despite the total collapse in macro and earnings data. So perhaps - just perhaps - as buybacks slow, US equity markets are exposed to reality underneath them. VIX has snapped back above 15, its highest in 10 days, and the S&P is back at 2-week lows... retracing all the "Greek Deal" gains.

 

VIX rapidly snapped from under 13 to over 15...

 

Stocks are back at pre-Greek-Deal levels...