Dow futures are now almost 600 points from their pre-opening highs as US equity markets stumble hard with soaring VIX and bond yields...

The Dow is collapsing... (after retracing 50% of its plunge)

XIV and The Dow are in perfect sync once again...

VIX is back above 30...

 

And while it appears that the spike in yields triggered the weakness in stocks; as stocks sink, bond shave found a safe-haven bid...

 

As Risk Parity Funds are forced to delever...

This is one of the biggest RP strategy drops ever...