In today's update:
1) U.S. Equity markets plunged on Monday after bond yields and oil hit multi-year lows. The Dow Jones Industrial Average dropped 2013.76 or 7.79%, the S&P 500 fell 225.81 or 7.60% while the Nasdaq-100 closed lower by 624.94 or 7.29% and the Russell 2000 finished lower by 135.79 or 9.37%.
2) Crude Oil Futures had their worst day since 1991 dropping $10.15 or 24.59% while Gold Futures held steady gaining $3.30 or 0.2% and the U.S. dollar continued to weaken. The Bond market traded significantly higher and the yield on the 10-Year Treasury Note settled at 0.551%.
3) Equity markets around the globe experienced panic selling Monday starting with the Nikkei 225 in Japan dropping over 5% and the FTSE 100 in the U.K. losing over 7.5% followed by U.S. Equity markets closing near their lows of the day and giving back over 7%. Equity markets have lost nearly $6 trillion since February 21, 2020.