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Tech Stocks Are Tanking, Banks Panic-Bid

After an exuberant overnight session - ignoring the slump in USDJPY and bond yields - the US cash session open appears to have triggered a wave of selling (especially in tech stocks)...

Nasdaq is getting whacked at the open...

 

Bank stocks are bid once again - back to pre-FOMC Minutes levels - as Tech rolls over...

 

The S&P is back to unchanged...

 

As VIX spikes back above 10...

 

And as a reminder, yesterday's open was the opposite - a panic-bid...