September has seen...

More missile tests from a nuclear-capable nation than ever before.

The biggest storms ever in America (a quarter of all Atlantic Cat 5 landfalls on record have occurred in the last two weeks).

The worst quake in Mexico in over 30 years.

US threats to cut China from the global financial system.

The Fed attempting to do what no central bank has done before.

And economic data disappointments worldwide.

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BUT...

After the Fed announced the monetary-policy shift sent the average to 10.78...VIX has plunged today to 9.54...

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And so amid all this turmoil, if this holds up, as Bloomberg notes, VIX is headed for its lowest daily average in any September since calculations begin in 1990.

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Which is odd given that the 30 year seasonal trend is very dramatic...

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But what happens next?

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