Wednesday, December 17, 2014

Total Chaos: Massive Market Moves Spark Selling-Panic Into Close

Perhaps this sums up the day for many FX, bond, equity, and oil traders today...

Incredible Volatility today - 100 point roundtrip in the S&P, and 800 points in the Dow - all driven by a halt in Ruble Trading, the European close, and Kuwait pissing on the US market's fireworks...



Total Chaos: Massive Market Moves Spark Selling-Panic Into Close
Close-up on S&P 500 e-minis... the machines ran all the stops everywhere today...
Total Chaos: Massive Market Moves Spark Selling-Panic Into Close

The Russian markets dominated headlines...
Total Chaos: Massive Market Moves Spark Selling-Panic Into Close

but the US credit markets were more worrisome as it appears the risk has finally started to appear in the investment-grade credit market.
High yield bond yields hit 2-year highs... and spreads to 18 month wides...
Total Chaos: Massive Market Moves Spark Selling-Panic Into Close

And Investment Grade credit has become infected...
Total Chaos: Massive Market Moves Spark Selling-Panic Into Close

Longer-term...
Total Chaos: Massive Market Moves Spark Selling-Panic Into Close
 Total Chaos: Massive Market Moves Spark Selling-Panic Into Close

No comments:

Post a Comment