US Equity ETFs Signal Massive Opening Loss, WTI Crashes Below $30

While futures markets have been limit-down since shortly after their open, despite massive Fed intervention efforts, US Equity ETFS are signaling a near 10% down open (which will immediately trigger a 15 min halt circuit breaker).

Dow ETFs also imply around a 2,100 point opening drop to 20,500…

Bonds are bid (but off the overnight yield lows when 30Y was down 27bps)…

Additionally, oil prices have collapsed to their lowest since February 2016, with WTI back below $30…after OPEC canceled their technical meeting this week and IHS Markit warned the most extreme oil surplus on record is possible.