And there's a long way left to fall to erase all the delusional market behavior of the last few years...

The dollar is screaming higher as stocks crash, triggering a Level 1 circuit breaker and a market-wide trading halt...

During US trading hours (Cash), these are the levels for the various circuit-breakers to hit:

Level 1: 7% fall to 2352.14 before 15:25EDT/19:25GMT will prompt a 15-minute pause.

Level 2: 13% drop to 2200.39 before said time will introduce another 15-minute pause.

Level 3: 20% decline to 2023.35 within the time will shut the markets

Will we see the first Level 2 trigger today?