Stocks slumped hard today, and a rally attempt into the close popped and flopped.

Is this the expected correction? Maybe, it's too soon to tell. 

Stocks need to break quite a bit lower before we would start populating a CrashTrak model.

But as I have often said, we are one event, one crisis of sufficient magnitude away of a collapse in this bubbly market of mispriced risk.

Gold and silver gold off a bit.

Bitcoin has fallen to the bottom of its trading range. A further decline could trigger some cascade selling as leverage starts to bite.

VIX climbed quite a bit.

Have a pleasant evening. 

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