To the middle class...

Video length: 00:00:08

Before we start, don't forget the chaos in Japan overnight...

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Gold remains the biggest winner in the post-Saudi-chaos world...

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The Dow's 7-day win streak is broken... Trannies were worst

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Trannies are now down 6 days in a row, and all indices are red on the week...

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VIX pushed higher on the Senate tax bill (topping 12), but soon enough the army of vol-selling-machines stepped in and righted the ship...

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'High Tax' Companies dropped early but rebounded as details came out....

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Big tumble in FANG stocks at the open but that dip was bid...

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Financials continued to underperform (even with modest steepening of the curve today)...

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And homebuilders rallied on the normalization of interest deduction...

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As stocks catch down to credit's weakness...

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High Yield Bond prices (HYG) are at 8 month lows...

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VIX has started to creep higher but has further to go to fit with credit risk...

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Mixed picture in bond land today with the short-end modestly bid (yields lower) and long-end the opposite... (30Y and 10Y remain lower on the week)...

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The Dollar Index tumbled to its lowest since Oct 26th...

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Bitcoin slid on the day... as traders rotated back to ETH as the hopes of a fork dividend fade.

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Copper remains lower on the week - following hotter than expected China inflation - and gold and crude managed modest gains on the day...

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