Margin Call

"Margin call, gentlemen."
--Exchange president (Trading Places)

Coronavirus panic coupled with fears of oil oversupply find markets cratering this am. US equities are down about 7% out of the gate--near circuit breaker levels. In fact, the SPX just hit 7% and trading has gone on a mandatory 15 min break.

Oil is down 20%. Ten yr yields are down 33% to 0.43.

Thus far, gold is not showing much 'safe haven' affinity amidst the wreckage. It is up less than a percent to about $1685.

I should add that my charting site is completely dysfunctional as well.

Feels like a worldwide margin call.

position in gold