Europe’s derivatives market (called Euronext) was re-set during today’s European bond market meltdown.  This stopped the bloodbath and caused a reverse in course.  When reality creeps in, pull the plug.  SPX futures were plummeting — right up until the plug was pulled on Euronext.

euronext pulls plug

I could not find any mention of this on the website of CNBC nor the FT this morning. Odd that.