So, last night, I noted that the OEX P/C was REALLY high, and that the VIX P/C fell hard. That suggested to me that somebody big and maybe smart was leveraging short the market, and that the smart money was also taking off short implied volatility plays.
Then, I saw that Financial Commercial Paper yields were at multi-year lows again. Why?
Somebody knows something's up.
I don't expect anything long-term, but maybe a few days could get ugly.