Risk off March 2020

[Real Money]

FTSE and DAX deep in the red, Nikkei trading below 20,000 and US indices limit down!

 

[CannonTrading_Ilan]

https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html

 

[risktaker]

Chump change.
These were DAILY moves back in '98/'99/'00/'01

 

[southall]

Chump change.
These were DAILY moves back in '98/'99/'00/'01

Those are the overnight moves!

DAX futures are already down over 20% from the peak of a few weeks ago:

 

[southall]

DAX futures down over 8%, 40 minutes before regular open. Anyone know where the circuit breakers are on the DAX?

 

[southall]

DAX futures now down over 1100 pts, almost 10%. Half hour to open.

Looks like the EURSTOXX 50 futures are down exactly 10%.

 

[Real Money]

Europe Futures Collapse 8%; U.S. Yields Cratering: Markets Wrap
https://www.bloomberg.com/markets

10-year Treasury yield below 0.5%
30-year yield drops under 1%

Crude plummets over 30% (largest slide since Gulf War 1991)

 

[southall]

DAX has recovered now down only 5% inline with US futures. Was down almost 10% in pre market. Insane stuff.

 

[southall]

Stock index futures are tame compared to CL.


CL gapped down 20% from 41 to 33.

Then went from 33 to 27 in a couple of hours. Another 20% down move.

Then went from 27 to 33 over a few hours. A 20% up move.

CL makes the 5% moves we have been getting in the SIFs look insignificant.