The new normal – Futures once again limit down overnight, but the circuit breaker did not get triggered until 12:56 today (versus just after the open the previous three times). Looking around at all of the assets, the only one trading in the green is the Dollar, as everyone is rushing to cash (not just investors). Oil is down 21%, a level last seen in 2002. Metal commodities are down, as well as Bonds. One technical level our team has been watching is the 2346 on the SPX (from Dec. 2018), the index has now broken it, next level is -15% from here.
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