U.S. VIX equity volatility rebounded to clear 16.0
U.S. VIX equity volatility rebounded to clear 16.0 again after stocks rolled back over into the red after squandering their opening gains and post-CPI relief. Tillerson and McEntee ousters may be still resonating with the markets, though investors should be used to personnel turmoil at the White House by now. Europe turned turtle and this may be exerting some downforce after the Euro Stoxx 50 stumbled 0.6%, the UK FTSE 100 sank 0.84% and the German DAX is off over 1%. Within the Dow the biggest declines came on GE -3.7% (after JPM analyst downgrade), AMEX -1.6% and Microsoft -1.4%. To the upside were J&J +1.9%, UnitedHealth +1.5% and Intel +1.3% (after Broadcom-Qualcomm blocked). JP Morgan said that GE's 2018 outlook is "not a credible number." The dollar index meanwhile remains 0.27% lower near 89.64, gold is firm near $1,327 highs and dollar-yen slumped to 106.60 -- a risk aversion kicked in.