Cointelegraphs's William Suberg analyzes an unlikely combination: S&P 500 Futures down 3% and 10-year Treasury Futures down 1%. He looks to SentimenTrader Chief Research Analyst Jason Goepfert and a May 5 Tweet.
"There have been 2 days in the past 25 years when S&P 500 futures were down 3% and 10-year Treasury futures down 1%," Goepfert Tweeted. "October 9, 2008. March 18, 2020. Someone is blowing up, and this is forced liquidation."
Suberg compares the futures market to cryptocurrency, which has seen a lot of liquidation as well, but nothing as drastic or unexpected. The author considers the conditions required for market capitulation beyond the relatively expected highs and lows.