A Warning Shot

The reason for yesterday’s sell-off isn't as important as what the sell-off should be reminding us of.

If there was one common theme after yesterday's sell-off, it was most people wondering what exactly what the f*ck happened. For most of the day, it seemed like yet another VIX-crushing, market-rallying day at the office, with stocks paying no mind to the negative headlines of weeks past. But at around 2PM, the market reversed sharply and finished the day down 1.5%.

The reason for yesterday’s sell-off isn't as important as what the sell-off should be reminding us of.