Every dip this morning has been met with a panic bid for stocks back to unchanged with Dow futures now having swung around 500 points intraday for no gain… as VIX is monkey-hammered lower…
Note the 5amET slump in stocks and spike in crude as oil tumbled in early European trading…
With Oil and bond yields consistently trending to the lows of the day…
One trader described the swings in stocks as “complete chaos” saying that machines were clearly in charge… “there’s no humans playing anymore.”
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