Dow Rallies To Critical Resistance (Despite Jump In VIX)

The Dow is up over 200 points this morning on the heels of better than expected earnings for CAT and MCD (among others). This surge has erased all of the losses since March 21st (when the market tumbled after disappointing bank earnings).
The ‘odd’ action today is that amid this exuberant equity buying, VIX is jumping, back above 11.

This post was published at Zero Hedge on Apr 25, 2017.