Tech Stocks Are Tanking, Banks Panic-Bid

After an exuberant overnight session – ignoring the slump in USDJPY and bond yields – the US cash session open appears to have triggered a wave of selling (especially in tech stocks)…

Nasdaq is getting whacked at the open…

Bank stocks are bid once again – back to pre-FOMC Minutes levels – as Tech rolls over…

 

The S&P is back to unchanged…

As VIX spikes back above 10…

And as a reminder, yesterday’s open was the opposite – a panic-bid…