The combination of resurfacing lockdowns and profit downgrades from once-safe haven companies cast a quick and vicious selloff on global indices. Fresh lockdowns in Italy and Spain along with record case numbers all over the developed world on the weekend threaten to upend the recovery. Peculiarly, AUD and NZD remain the only currencies to not fall against USD. CFTC positioning is below. Ashraf's tweets below cover the unfolding situation starting with SAP's downgrade on Sunday night. The Premium short in NASDAQ hit its final 11370 target for 430-pt gain.