It does seem the markets has lost their precious remaining  poise. China regulators have pretty much shot themselves in the foot. These circuit breakers actually increase the fear and panic, not alleviate them.

Developed markets used to ignore Shanghai index, no more.

From Bespoke.com

sp500 Breadth moves deeper into oversold!

50dma1

Oil crashes, dollar goes thru the roof, treasury yields falls again, and yield curve flattens to the lowest point since 2009!

yield

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