TYZ Bloodbath Commencing In 5...4...3...

The only chart that may matter until the end of the year... And no, this is not Portugal.

Furthermore, in extolling the virtues of the administration's trading record, one should be objective and point out that with a DV01 of $1,000,000,000, the Fed's SOMA is sitting on $20 billion in intraday losses today alone. (Don't forget that the Fed is the biggest hedge fund in the world currently).