VIX Crashes To 10-Year Lows As 'Dovish' Fed Sparks Gold Gains, Dollar Losses

One look at WTI, RBOB, and VIX today and it’s clear the algos are in charge… don’t play…

Post-Fed, Gold was the biggest winner…

As rate-hike odds dropped…

The S&P was down 4 days in a row before today – the longest losing streak since the election… (Trannies were best post-Fed, but failed to get back to even)

VIX flash-crashed to 9.97…

Its lowest since Feb 2007…

The index last dropped below 10 on February 14, 2007, when the Federal Reserve’s then-chairman Ben Bernanke delivered his biannual report to Congress, and the S&P 500 rallied to a multi-year high.

The Dow’s moves today were dominated by AAPL…The Dow gained 26 points of which 60 were AAPL!

As AAPL shares soared to July 2015 highs and their most overbought since 2012…

While the dollar dumped after The Fed decision, it ended the day relatively unchanged (even as JPY strengthened)…

Treasury yields ended the day higher (early positive data), despite dropping after The Fed… (NOTE – 2Y yields dropped 4bps after The Fed from 1.25% to 1.21%)

And the yield curve steepened notably after The Fed…

Total chaos in the energy complex as terrible inventory data sparked a selloff that was panic-bid ramped by algos 13 minutes later… only to crash again to the lows before melting up into the NYMEX close on weak Dollar…