Bonds and Equities Dump as Risk Off Continues

As we have been noting for the greater part of the last month, massive selling across the board in all the markets that Magnelibra follows and when we look at yesterday’s settlements, well, this theme continues unabated and the Nasdaq saw the worst of it:

When we look at the Nasdaq and we look at our MEGA8 Tracker we can see the damage that was done across the board. We continue to favor selling call structures vs a static long only portfolio like this as we head into the future as risk assets are undergoing some more than overdue repricing:

Here is a chart of the MEGA8s and if you think things can’t get worse, well maybe you just aren’t looking: