The storms are coming...

For the 11th day of the last 12, the Yuan has weakened to fresh 6 year lows for Offshore...

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And the effects are starting to ripple through markets.

US equity futures show the desperate effort to pump stocks green around the US open... with an ugly close.

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Small Caps clung to unch as much as possible but major indices ended lower led by Trannie weakness... 

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Leaving the S&P closing near 3-month lows... (2125.77 lows on 9/14) 

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VIX was smashed above 17 briefly at the open but drifted lower all day... unable to spark any bounce in stocks... 

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Notably "Most Shorted" stocks have considerably underperformed the last 2 days (ammo for a squeeze?) 

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Deutsche Bank (DB) stock slipped once again after an early rally... 

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Treasury yields collapsed from some overnight weakness in bonds with 30Y yields dropping over 7bps high to low (and the curve flattening)... 

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The USD tested new cycle highs overnight before being sold all day to close lower... 

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Crude fell back below $50 but the weaker USD appeared to help PMs... (as copper kept sliding on China concerns) 

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Charts: Blooomberg

Bonus Chart: A reminder of Industrial Production weakness...

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