"Stocks & Treasury Yields Are Collapsing"

We have been looking for ~1900 on the S&P 500 since late August and on Sept. 22 posted "Equities: How's About a Thousand Dow Points (to the downside)?" at DJIA 17,243.. The thinking is that this should be a slightly larger decline than that which ended on Aug. 7 (5% vs. 4.3%) eliciting a "Wow, that wasn't so bad" emotion, followed by a return to the 2019/17,350 all time highs before a real downturn.
Caveat:
We have some fast computers and a lot of experience but it's all still guesswork.
DJIA: 16,855.34, down 187.56, S&P 500: 1,955.57, down 16.72.
A close below 1955 would be quite serious.

From ZeroHedge:

Yesterday's late-day weakness in stocks is continuing as US equities open this morning led by a collapse in Dow Transports and further weakness in Russell 2000. Treasury yields are also plunging with 10Y at 2.435% (back below the oh-so-important Tepper "end of the bond bull" levels). High-yield credit markets are extremely volatile this morning. USD weakness is helping commodities rally with gold and silver outperforming. VIX just hit 17.5

Stocks are tanking on the week...

and bond yields plunging...

Short-term, it appears stocks are playing catch down to credit once again...

USD weakness is sparking buying in commodities....MORE

Related:
Sept. 8
Watching the S&P 500 at 2000 (SPX; SPY)
Sept. 12
Equities: This Is What the Phrase "Feeling Heavy" Looks Like (NDX)
Sept. 24
Equities: We Bounced Off Support
Sept. 25
"3pm update - a day for the bears"

Also at ZeroHedge:

Stocks are about to take THE line that has supported the rally ?going back to 2012.

 ...MORE

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