S&P Futures Collapse Over 30 Points - Back To Pre-Taper Levels

Tyler Durden's picture

After tagging the stops above 1,800 overnight following the Turkish rate hike, S&P futures have collapsed over 30 points and are hovering back at pre-Taper levels from 6 weeks ago. For now USDJPY 102 is critical support for stocks. 10Y bond yields have slammed lower testing 2.70 and the lowest levels in 2 months.

S&P futures have collapsed over 30 points from overnight highs...

 

 

Still think its about fun-durr-mentals...(JPY carry is in charge)

 

Charts: Bloomberg