Stocks Plunge After China Trade Delegation Cancels Trip

Update: This is the catalyst: Montana Farm Bureau says the Chinese delegation has cancelled its US farm visit to Montana, and agriculture officials are returning to China sooner than expected.

Sending the odds of a trade deal reeling...

Source: Bloomberg

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Well that escalated quickly...S&P crashed back below 3,000

All major indices erasing all the post-FOMC gains...

Hog futures limit down...

And copper clubbed

Yuan plunged...

Source: Bloomberg

The 2Y Yield also tumbled...

Source: Bloomberg

...while Gold futures popped to their highs of the day, around 1520.