Here’s a super-quick guide to what traders are talking about right now

Two employees at Cho Heung Securities discuss the days’ trading after the close of the Korean Stock Exchange in Seoul June 16, 1994.
REUTERS/Paul Barker

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.

Here’s Lutz:

Morning! Feels like risk-off will dominate into the weekend, with Havens bid again – Swissie, Gold, Yen, and Sovereigns. The VIX squeeze continues, with spot up 5%, bringing the week’s total to almost 70%. Earnings not helping with SNAP off 14%, NVDA 7%, pushing Nasdaq down 30bp early. Sea of Red in Europe in heavy volume, with the DAX approaching the 200d as it breaks downside 12,000. London hit for 1.3% with the FTSE100 on 3month lows. Miners getting smoked this AM. Anglo, BHP, RIO and Glencore all 3.5%+ lower as Ore gets whacked. EM Stocks 1month lows – KOSPI hit for 1.5%, lost 3% on the week as Samsung continues to get beat down. KOSPI Volatility leapt almost 30% – Hang Seng lost 2% as Tencent hit for 5% on China Investigation – Shanghai dropped 1.6% – Aussie dropped 1.2% – Philippines weaker on a 6.4 quake – Nifty lost another 1.1%, while Japan was happy to be closed for Holiday

US and German Yields are on 6week lows into the US CPI print in a few. The DXY is up small despite the $/Y on 8week lows. Euro weaker, Sterling Weaker, Korea’s WON one month lows, and Following the Kiwis yesterday, Aussie Central Bankers talking down their Dollar. Ugly in Industrial metals this AM as Ore was smoked for 6.5% in China as Margins were hiked on trading. Copper off small, but Lead, Zinc and Nickel all off 1%+. Energy Complex all weaker, as Oil doesn’t care about IEA saying Oil demand will grow – WTI off 50bp early. Grains and Beans were smoked yesterday on USDA headers, and the slight bounce this AM is not very convincing.