JAPANESE MARKETS ARE BEING MURDERED; MACHINE ORDERS PLUNGE BY 14.4%

Japanese markets are being rocked, down 700 points, almost 4%. Aside from the ordinary boring nature of people hating stocks and selling them, the non-industrious robot lovers from Japan have provided people with a real catalyst to sell it down. Machinery orders for the month plunged by 14.4%, more than twice the forecast. Since this important data point is a forward looking indicator, one could only surmise that Abenomics has fallen flat on its big stupid face.

Related: Gold is up 0.5%. Oil is flat. And European futures are hammered down 2.3%. So far, U.S. futures response is muted, off by 0.3%.