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Tech Wreck 2.0? FANG Stocks Suddenly Slammed, Nasdaq Dives, VIX Spikes

VIX is suddenly spiking higher and stocks lower - amid no obvious catalyst...

 

Nasdaq is tumbling...

 

As Dow Transports suffer their second biggest drop in 10 months...

 

And FANG Stocks dive...

NFLX and GOOGL are the big laggards today/this week...

We note that Bloomberg reported earlier that gains for Facebook and Amazon.com account for about two-thirds of the S&P 500’s 5 point gain.

Do Algos read Howard Marks?