Vicious! Debt is so cheap, hedge funds everywhere were leveraged to the max, they're getting stop-outs/margin calls and selling, setting off others for the same. Domino effect. Blow outs. Money is being taken out of anything solid. GLD flat for the day, SLV & BitCoin down, even Costco is down after probably the best month in company history. People are selling Lightwave to feel better about having extra cash.
The market is probably Gilead PRing their vaccine works away from a hard snap back. Even though most of us probably wouldn't go get it anyway.
Media loves this panic. Universities are canceling all remaining in-person classes because one student walked past someone with the virus. It's ridiculous. If everyone gets exposed to this and the weakest 2% die off, it will be the best thing that ever happened to this planet.