Carnage: Worst Week For Stocks In 4 Years, VIX Soars Most Ever

• China's worst week since July - closes at 5 month lows
• Global Stocks' worst week since May 2012
• US Stocks' worst week in 4 years
• VIX's biggest weekly rise ever
• Crude's longest losing streak in 29 years
• Gold's best week since January
• 5Y TSY Yield's biggest absolute drop in 2 years

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Did you get message Fed?

THE CLEAR MESSAGE FROM THE MARKETS IS - HIKE RATES AND YOU'RE DONE, GIVE US QE4 OR IT'S ALL OVER!!!

So let's start with stocks...

Bloodbathery... This was the worst week for global stocks (MSCI World) since May 2012

And the worst week for US equities since Nov 2011...

Futures show the pain started with China PMI, then dumped as Europe collapsed,  then there was no help from the machines as gamma was so imbalanced...

Of course we saw The BoJ in da house to help squeeze stocks with some USDJPY crushing...but that only worked for the small caps (easiest to squeeze)... and then it all collapsed...

Dow enters correction... this was the 9th largest point drop in the history of The Dow...

And The VIX ETF saw its biggest 2-day rise since 2011 (no wonder with 61.7mm shares short against just 60.6mm outstanding)

and before we leave stock-land, her is perhaps the 'spookiest' chart... a Fibonnaci 61.8% extension of the 2007 high to 2009 lows 'nails the top' for now... (h/t @allstarcharts )

FX was a disaster...