China crashed last night, but it’s been riding a rocketship, so that’s not a huge surprise.
Commodities are crashing today, but speculative have driven those up a lot, too, so it was natural they’d get hammered.
The scariest crash right now? Muni bonds.
As Bespoke notes the National Muni Bond Fund ETF has totally fallen out of bed. This has been a big fear for a while. Between the anti-bailout GOP Congress, and the worsening situation in California, maybe people are realising this is real.