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BLOOMBERG Bloomberg Markets Balance Of Power February 8, 2018

Auction,0 year following a disappointing 10 year auction that occurred yesterday, showing the weakest demand in five months. Not much moving on the 30 year yield, as a result of that auction. Lets see what is going on with stocks. We see the big selloff we have been talking about, with the s p 500 index kind of bouncing around. Here is the major averages. We are seeing the lows of the session here for the majors. A spike in the vix. Volume has also picked up drop the day. We are seeing more tepid selling. Volume accelerated as well. We have now a race to the gains for the year today for all of the major averages. That is something to keep in mind. A more than 8 ng pullback in the s p 500 index. It was a record high for the index. The selloff that occurred has now surpassed 8 . If you were looking at how the day has played out for the s p , the intraday for the index, you can see a picture here. A drop ofinitially the open, but it was fairly modest. It is different from yesterday. Attem

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