Macro Morning: Vol rocket!

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By Chris Becker

A quite amazing night of volatility on equity and currency markets last night as the Taper Tantrum (well put HnH!), embiggened by continued Ebola scares, Greek wobbles and poorer than expected US data reaching a crescendo before collapsing under its own weight.

First, look at the CBOE VIX – there is no clearer picture out there that current moves in markets go beyond the normal dips and blips:

VIX
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