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Small Caps are leading the day's losses but since Kudlow admitted the "no retreat, no surrender" policy on China, markets have gone south, the yield curve has flattened... and the dollar AND oil have exploded higher??

The Dow is back below its 200-day moving average...

VIX tagged 18.00...

And the yield curve is collapsing to fresh decade lows...

 

The Dollar is spiking...

 

Meanwhile, WTI topped $73...(up from $63.42 a week ago)