Leveraged funds are long VIX futures at the 98th percentile of the past two years, while they are short the E-mini Russell 2000 at just the 6th percentile and short the euro at the 7th. Maximum fear in volatility against almost no bearishness in small caps or the euro lands twelve days before the October 28 FOMC meeting. The 30-Year auction on October 8 drew a 72.32% foreign bid and graded B+. If the Fed leans hawkish, the unwind hits small caps and the dollar together.