Tonight’s Politico headline, Fiscal cliff deal increasingly unlikely.
The Secretary of the Treasury announces after today’s market close the U.S. government will hit its debt limit on New Year’s Eve and will be forced to take emergency measures to avoid defaulting on obligations.
The VIX ended today at its highest closing level since July 24th, up over 26 percent from its December 18th low.
Nobody around and nobody cares.
Are markets setting up for a Jackie Moon moment? Just askin’.
Just make sure you do it before everyone else.
(click here if video is not observable)
Global Macro Monitor 