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...
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...
Close-up on S&P 500 e-minis... the machines ran all the stops everywhere today...
The Russian markets dominated headlines...
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...
And Investment Grade credit has become infected...
Longer-term...
