OUCH! MSCI says removing #Russia from indexes "natural next step." More than $920bn is in EM ETFs alone. Russia has a weighting of 2.7% in EM ETFs. In other words, ~$24.5bn would automatically flow out of Russian equities. https://t.co/pPdQsgstdr pic.twitter.com/yfLvtkDl4I

— Holger Zschaepitz (@Schuldensuehner) February 28, 2022

10-year Treasury yields lower by ~13bp so far today -- biggest one-day drop since omicron fears came to the fore in late Nov pic.twitter.com/AsqnHbdZn8

— Katie Greifeld (@kgreifeld) February 28, 2022

Dow update:

It amazes me when I read that we are about to melt up.

A melt down is cumming.

Wont be long pic.twitter.com/5t7kbxiiPt

— The Great Martis (@great_martis) February 28, 2022

Ordinarily, with the massive devaluation in Russia, we'd be worrying about contagion to the rest of EM. But we're not, because: (i) Russia is small; (ii) Russia isolated itself from global capital markets; and (iii) rising commodity prices helps many EMs, especially in LatAM... pic.twitter.com/YbiJh0luTW

— Robin Brooks (@RobinBrooksIIF) February 28, 2022

#VIX & #VXN Complex

we need to retest +4 simga imho before #SPX can go up pic.twitter.com/gb5GQaC728

— Fari Hamzei (@HamzeiAnalytics) February 28, 2022