Dow Dumps Almost 1000 Points From Highs To 6-Month Lows, Crude Carnage Continues

Seemed appropriate...

With 121 S&P 500 members now trading more than 20% off their highs...

No real catalysts today - aside from Hilsenrath talking back Powell's dovishness, a terrible Challenger Jobs data point, moar crude carnage, and all the story stocks and media firms getting Baumgartner'd... Nasdaq was worst, Dow best but still a loser...

 

The plunge was initially protected by a mysterious bid which failed and then anchored off JPY and WTI Crude...

 

Desperate to get back to VWAP...

 

Which left cash ugly on the day...Dow tested to 6mo lows - just short of 1000 points off the highs... Nasdaq worst on the day...

 

And on the week... Small Caps are the biggest loser...

 

Russell 2000 briefly went red for 2015

 

Energy stock dip-buyers were out en masse....

 

But credit was being dumped...

 

Even as Energy credit risk is soaring - back near 2015 highs...almost 1000bps!

 

VIX Soared on the day back above 14... (after an 11 handle just 2 days ago)

 

Treasury yields tumbled today...leaving 30Y yields lower on the day...

 

The US Dollar drifted very modestly lower... Cable saw a quick dump on BoE comments this morning....

 

Commodities were mixed with gold and silver drifting higher and copper lower...

 

Crude was clubbed again...

 

Charts: Bloomberg

Bonus Chart: Explain this 'signalling'!!

h/t Jim A

Bonus Bonus Chart: You Are Here...