Update: S&P Futures tumbled back to the lows of the day after hours...
[8]
S&P remains just in the green for 2015...
2058.90 has just become the most important number in the world...
[9]
There was a major Institutional seller at VWAP all day...
[10]
And it seems like someone puked into the last 30 minutes...
[11]
With a decent-sized sudden flash-crash as the 330RAMP was about begin...
[12]
They tried to ramp 'em around 130pmET - that failed - and then at 330pmET it snapped...
[13]
Futures show that selling began as soon as the US day session closed last night and accelerated as China opened and Yuan collapsed...
[14]
Treasury Yields oscillated in a narrow range today... (front-end outperformed 2Y to 5Y about 2bps lower, out years unch)
[15]
HY and IG bonds continues to decouple (as we suspect systemic fears in the credit market lead traders to hedge using thge 'cheapest' option - LQD - as opposed to a more expensive but lower tracking error alternative like HYG or HYCDX)
[16]
Leaving the LQD at key support relative to HYG...
[17]
Energy credit markets continue to indicate more weakness than stocks "believe" is possible...
[18]
The Dollar Index rallied modestly in the day against the majors...
[19]
But EM FX collapsed against the USDollar (to a new record low for JPMorgan's EM FX Index)... the last time EM FX plunged like this was when China devalued in early December...
- *RUSSIAN RUBLE ENDS 2015 AT RECORD-LOW 73.59 PER U.S. DOLLAR
Oil Producers saw FX rates slammed...
[20]
And they are not being helped by the fresh collapse in crude from Iran and Saudi comments, and US production and inventory increases...
[21]
As Dollar strength weighed on PMs but Copper was bid... not how once again silver and crude were glued to each other...
[22]
Finally, we thought this worth a glance... hope springs eternally transitory...
[23]
Charts: Bloomberg