Goldman: "This is the most panic we've seen in a very long time."

Carnage

Yesterday was not just another bad day for equities. The damage was extraordinary, with multi-sigma moves. Here is a quick look at the crime scene.

1. NASDAQ VIX had its biggest 1-day move since Covid and is now back near Liberation Day levels // VVIX up nearly 45 points on the day - 2nd largest 1d move higher ever (behind only Volmageddon).