– US, European Stocks Collapse As Oil Tests $80 Handle, 10Y Hits 2.15% (ZeroHedge, Oct 15, 2014):
Blood in the leveraged momo streets. Nikkei was crushed overenight as USDJPY could not hold 107. European stock indices are tumbling led by weakness in Spain, Portugal, and Italy. The peripheral bond markets are also getting crushed (spreads wider by 15-20bps). This has bled over into US equities with Nasdaq leading the way lower. Treasury yields are collapsing (10Y tests below 2.15%). The USD is modestly lower but oil is continuing to collapse testing the $80 handle for WTI.
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Possibly related info:
– Did Today’s ‘Satan Signal’ In S&P Futures Give The ‘All-Clear’ For Selling To Begin? (ZeroHedge, Oct 9, 2014):
… “someone” canceled-and-replaced orders for 666 contracts 26 times in the 1130ET to 1200ET period …