by Tyler Durden
Wed, 03/18/2020 - 23:14
Dow futures losses have accelerated, plunging over 1000 points limit-down…
S&P and Nasdaq futures are also crashing…
Additionally, South Korea’s KOSPI is halted after triggered circuit-breakers down 8% on the day…
This all has the smell of a massive global macro fund liquidation and the contagious impact of that leveraged unwind across the global risk markets.
As Bloomberg’s Stephen Spratt details, desks continue to speak of the “sell everything” mentality in markets with huge liquidations and de-leveraging taking place everywhere.
