Broad US equity markets stumbled out of the gate this morning but it’s Tuesday so the BTFT traders rescued it. However, when news of 2 downed helicopters in Ukraine hit, stocks tumbled once again with Russell 2000 (small caps) and Dow Transports (the highest hig beta recently) getting slammed… USDJPy ramp efforts continue to save us from terrible Tuesday. Bonds and FX are not reacting so far…