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JAN 10, 2013 - Zero Hedge

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Forget 'Rotation'; 2013 Is The Great 'Risk' Recoupling So Far

Another day, another epic European close trend reversal (or is it POMO that is driving that odd timing-based shift?). S&P 500 closes at 5-year highs. Today's ramp was brough to you by the algos that needed to enable high volume exits in AAPL and a Draghi-driven 200pip run in EUR against the USD (as the ECB head basically shut the door on rate cuts anytime soon). VIX slid lower (relatively outperforming stocks) but mid-dated VIX futures actually rose modestly today (to steepest in a year!); high yield credit ETFs tested new highs (but cash never followed) and even that collapsed again at ... Read More

Tags: Forget 'Rotation'; 2013 Is The Great 'Risk' Recoupling So Far,  Futures Latest News