S&P Futures Trade Limit-Up

After collapsing to fresh cycle lows overnight, US equity futures have staged a remarkable comeback and S&P is now trading limit up, stuck at 2,582  (or up 5%).

SPY (S&P 500 ETF) indicates buying pressure continues…

Bonds and stocks are completely decoupled in terms of their correlation regime – after bonds puked their guts out overnight, they are now rallying alongside the equity gains…

Is it time for a sustained bounce?