Presented with little comment, aside to ask: "where are the liquidity-providers?"
Extremely heavy volume... and wild swings
Zoomed in the moves actually occurred over a 5 minute span... (via @NanexLLC )
420 Point roundtrip in The Dow in under 9 minutes...
As HYG hit Friday's lows...
And all of this is happening right on cue following JPMorgan's Marko Kolanovic warnings of "massive stop losses" ahead..
Submitted by Joseph Calhoun via Alhambra Investment Partners,
With Nattie down 6% in early trading, the most in 2 months, pressing to new record lows...
OilPrice.com's Nick Cunningham warns, while the glut in oil is expected to continue for the next year or so before balancing in late 2016, the pain for liquefied natural gas (LNG) could be just beginning...
While this may well be the most important week for capital markets in the past 9 years, when the Fed is widely expected to hike rates on Wednesday, precisely 7 years to the day since it cut rates to zero, the week sets off with a quiet start today with just the Euro area industrial production reading due out this morning and nothing expected out of the US this afternoon.
In an effort to wrestle S&P 500 to VWAP, to enable panicking professional sellers out, a sudden bid for crude oil and commodity currencies appeared shortly after 8amET...
S&P ramp to VWAP...
On the back of all things commodity-related...
Some context for the sudden bid in FX...
Now that VWAP has been hit, we wonder what happens next?
Charts: Bloomberg