"It's A Synchronized Global Risk-Off" On The Anniversary Of Black Monday

Tyler Durden's picture

As Nanex' Eric Hunsader shows, today's trading session is shaping up - at least for now - as the biggest post-midnight selloff in the S&P in 2017.


With a notable risk-off tone...


The selloff is global...



And US...

Of course, after months of calm acquiescence to the melt-up in global risk assets, a modest drop like today's needs a narrative to explain it - in order that bullish asset-gatherers can thusly dismiss the fears as 'one-offs' and reiterate how the central banks will step in if things get worse... here are your catalysts du jour...

As Alexandre Baradez, chief market analyst at IG France, notes,

“It’s a synchronized risk-off move for stocks, with gold, the yen, the Swiss franc rallying, right on the day of the Black Monday anniversary...


There hasn’t been a clear trigger in the news this time, rather of mixed negative elements, including worries that Trump won’t be able to deliver on tax cuts anytime soon.”

Baradez is correct that Trump Tax hope is gone...


Happy Anniversary...

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thevekja's picture

I can already hear the PPT printing presses being warmed up... get to work Janet!

spastic_colon's picture

stop with the 1987 overlay unless you are going to make it a logged percentage chart............this selloff will bring all the back to yesterdays 10am lows!!

Zero_Ledge's picture

<--  BUY, BUY, BUY !!!


<--  BYE, BYE, BYE !!!

abyssinian's picture

Dont get fool again, BTFD BTFD

SoDamnMad's picture

Zu allen zentralen Banken kaufen mit beiden Händen

Dode415's picture

Just as well US households aren’t up to their eyeballs in debt and the US markets aren’t in a bubble then or it might be serious :)

J bones's picture

Check mark by 3-330pm

2ndamendment's picture

Paging SNB, Paging SNB, you're needed on the trading floor. 

SeuMadruga's picture

They're the experts in (falling) knives...

izzee's picture

So the Impeach Trump Russia thing blew up. 

Next -  Crash the Markets-Blame on Trump. 

That was quick

2ndamendment's picture

The crash the markets was always part of the plan. It's just they had to wait a year or two so they could actually pin it on him. 

Philo Beddoe's picture

Banging head on desk. Blood flowing....feeling dizzy. 

The big one finally arrived. The .5 drop that I will be telling my grandkids about. 

BigWillyStyle887's picture

So any day that isnt in the green is now a "sell off"? Im tired of seeing the 1987-2017 comparison chart. Its not going to fucking happen.

duck dodgers's picture

ZH has been comparing the market to 87 every year since 2012.

Racer's picture

Anniversary of the birth of the PPT don't forget!

Iconoclast421's picture

lol this little baby selloff could very well be bought right back to new highs in the time it takes to blink.

buzzsaw99's picture

looks like i picked the wrong week to stop sniffing glue.

J bones's picture

VIX already dropping...


syzygysus's picture

dripping, here comes another spurt

cashtoash's picture

get ready to buy the dip

buzzsaw99's picture

...the biggest post-midnight selloff in the S&P in 2017.


it's about time.  i've been reading this blog and pissing my panties daily since january waiting for the (oft heralded by zh) historic 0.5% crash to arrive.

Racer's picture

Make sure you don't blink or you will miss it...

buzzsaw99's picture

+1  i'm afraid to go change my shit stained undies for just that reason.

SeuMadruga's picture

On ultra-leveraged "markets", a .5% drop might be all it takes for a colapse.

Lockesmith's picture

Shit, and I was going to go long VIX a couple of days ago. Still worth it?

shizzledizzle's picture

I wouldn't advise it right now. I bought some Jan 19 exp calls back when it dropped to 9.5 in my hedge account.

dlfield's picture

Quick -- somebody call and wake up the PPP!!

SeuMadruga's picture

They need to wrest "control" (i.e. CTRL) with (+) their triple P name.

Seasmoke's picture

The Globe must not be paying attention to all the waitress and bartender jobs the ussa has. 

riskon.then.riskoff's picture

Trillions of liquidity injected since 2008 will make «its different this time »

Will see...

Sky flyer's picture

Wow. Global stocks have crashed to where they were a few days ago. Oh the humanity!

Secret Weapon's picture

I rather enjoyed this article.  Not once were the words "not since Lehman" used anywhere. 

NEOSERF's picture

8:42AM global risk off (of 0.5%).  9:10AM, risk on and mark my words we will end green today as usual.

el buitre's picture

Jim Willie and Paul Craig Roberts are right.  The market will not crash as long as the Fed keeps pumping phony fiat into it, until the Almighty Dollar is rejected by a significant number of countries for trade payments.

coast1's picture

It does seem obvious at this point that you are correct...Altho, there are other scenarios that could hit the system...War, natural disasters, (ooops, scratch natural disasters, we have been having more than our share and market is still up, oh and oops, if we go to war the market goes up)  I guess we just wait til other countries completely scratch the dollar..

Anarchyteez's picture

We will end in the green today. BTFD.

Every day is a new record. It’s just the way shit is now.

Ban KKiller's picture

If I put a nickel in this free market it will crash. Ha ha ha ha. Thanks.

coast1's picture

me too :-)   so be careful you dont piss me off bitcoin buyers, or I will put $100 in bitcoin and crash the entire system...

I know how you feel Ban

allamerican's picture

no 30min bounce...

gl buying, ill wait..

Ink Pusher's picture

The Gray Thursday dump?

loveyajimbo's picture

"Global Risk Off..."   LOL!!  DOW now down 15.

Plunge protection team and ESF... they will prevent all crashes... until they don't.

Games Without Frontiers's picture

Now they're preventing a slightly red day, forget about crashes.

tostaky06's picture

what about bitcoin ?