From the euphoric 26,088 highs on Sunday night, Dow futures are down over 1700 points... (and down 800 today!!)

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Crashing back to October's lows...

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Stocks have caught down to bond bears capitulation...

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Massive waves of sell programs are hitting...

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As Fed policy expectations are destroyed by the market...

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Expectations are now for just 12bps (half a 'normal' rate hike) in 2019 and a 10bps rate cut in 2020!!

And all of this on double the average S&P day's volume...

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