I consider that the UK election results are the reason why markets are bullish today: Eurosceptics in UK have been wiped out and it is all clear that a Poll on a possible Euro zone exit will go in favor of Staying in Europe. This is a second relief for the financial markets, after the bunds reversal of yesterday. This gives an "all clear" signal fro the European cash to be reinvested. This means is why the USD is pushed higher today, why US Treasuries and US equities are bought.

VIX EV Pattern also reversed below its average TEV.



Pascal

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