Stocks Slammed On Belligerent Merkel, Broken Markets, & Bearish Minutes

Summing today up perfectly...

*  *  *

 

Shit Broke...

 

The Dow and S&P both close back below their 200DMA...

 

Stocks plunged and eviscerated all of the v-shaped recovery gains from yesterday...

 

Cash markets remain notably lower post the "OXI" vote...

 

Post-FOMC Minutes today... Bonds outperform and gold and stocks leaked lower...

 

VIX surged back above 19.5...

 

Treasury yields fell post minutes ending near the week's lows so far...

 

The US Dollar leaked lower all day as early efforts by The SNB to stabilize Europe sent EURUSD higher...

 

USDJPY plunged by the most in over 2 years...

 

Commodities were once again very noisy. Copper, Silver, and Gold surged as stocks opened and crude slipped after DOE data...

 

Crude gave up all of yesterday's "Iran deal is off" gains...

 

Charts: Bloomberg

Bonus Chart: The 1962-1966 S&P Analog (via @TheChartMeister )