“Bloodbath” – Dow Crashes Over 1000 Points, Enters Correction

• “Bloodbath” – Dow Crashes Over 1000 Points, Enters Correction
  by Tyler Durden, https://www.zerohedge.com/
  Dow crashed over 1000 points today….
  All 2018 gains are gone…
  Time for “Markets In Turmoil” special…
  Markets “turmoiled” again today as Treasury yields spiked on a weak auction and the implications of a budget deal that means more supply is coming. This spooked stocks once again and XIV, the Inverse ETF, tumbled at the open – after ramping stocks delusionally into the open. As stocks got monkey-hammered again, so bonds were bid and ended with a relatively small rise in rates as plunges in Risk-Parity funds likely prompted forced delevering in stocks and bonds. Perhaps most notably, credit spreads started to snap wider and rate volatility spiked as equity market contagion spreads.
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