Treasury Yields Spike As Chaos Reigns At Equity Open, TSLA Tumbles

It would appear the machines cannot make their minds up this morning as what was an ugly open for Small Caps and Big Tech is now morphing into a panic bid and aggressive buying in the Dow is now aggressive selling….

The driver of the flip-flop is uncertain but we note that bond yields are spiking significantly…

Source: Bloomberg

And perhaps of most note… TSLA broke below $800…

Somebody call Janet!