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...

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

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Desperate to get back to VWAP...

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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...

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

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Russell 2000 briefly went red for 2015

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

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But credit was being dumped...

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

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

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

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

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

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Crude was clubbed again...

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Charts: Bloomberg

Bonus Chart: Explain this 'signalling'!!

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h/t Jim A

Bonus Bonus Chart: You Are Here...

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