Stocks are on fire in a bad way... going down in flames.  The S&P is now trading well below the worst levels from the big sell-off two weeks ago.  As of this moment, October is the worst month for the S&P since the financial crisis. 

Bonds are on fire in a good way, surging to the best levels in more than 2 weeks.   10yr yields are down more than 8bps to 3.116.  Fannie 4.0 MBS are definitely underperforming, but still up 10/32nds (.31) at 100-06 (100.19).

Stocks will likely need to hold these losses if bonds are going to hold these gains.