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-2% Today $SPX and $Europe update

Here are the update from today:

  1. Greece will not pay IMF on Tuesday: Govt official
  2. All 10 S&P sectors in the red; deepen losses in afternoon
  3. CBOE Volatility index .VIX spikes. Went short volatility Jan 2016.
  4. Euro STOXX 50 index – biggest one-day fall since 2011.
  5. Tens of thousands rally against bailout ahead of referendum in Greece.
  6. PM Tsipras indicates he will resign if vote lost.
  7. European bank shares tumble, oil falls to three-week low
  8. Shocked Greeks wake up to shuttered banks, capital controls

The American Indexes were down, here is the summary: $Dow 1.95%, $S&P 2.09%, $Nasdaq 2.4%

Tomorrow will review Asian market and later if Europe drops will look for a macro hedge.

A snap Reuters poll of more than 70 economists and traders taken on Monday put the probability of Greece leaving the euro zone at 45 percent, up from 30 percent a week ago.