It seems time to call Liesman and Cramer for their advice... [2] US equities are in freefall, down 2-3% from yesterday's highs (with high-flying NASDARK and Trannies underperforming) and breaking below the lows printed following the less-than-dovish FOMC minutes of last Wednesday. Gold ($1420), Silver ($24.60), and WTI ($108.75) are at the day's highs (and multi-month highs) and US Treasury yields are fading rapidly - with the long-end notably lower in yield from the FOMC minutes. The USD remains under pressure as JPY carry-unwinds dominate flows. It seems the great unrotation is at hand... as the S&P tests down to its 100DMA (and AAPL is collapsing).
S&P 500 Futures are at their 100DMA...
[3]
Trannies and NASDARK are underperforming but all indices are down notably...
[4]
Treasury yields are tumbling...
[5]
FX markets are dominated by JPY carry unwinds (driving USD lower in an anti-consensus manner)...
[6]
as Icahn is fuming...
[7]
Charts: Bloomberg