Dow Crashes Over 400 Points, VIX Tops 30 As Risk-Parity Plunges

Dow futures are now almost 600 points from their pre-opening highs as US equity markets stumble hard with soaring VIX and bond yields…

The Dow is collapsing… (after retracing 50% of its plunge)

XIV and The Dow are in perfect sync once again…

VIX is back above 30…

The S&P 500 has found support at its 100DMA for now…

And while it appears that the spike in yields triggered the weakness in stocks; as stocks sink, bond shave found a safe-haven bid…

But rate volatility is surging…

As Risk Parity Funds are forced to delever…

This is one of the biggest RP strategy drops ever…

This is far from over…

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