It starts as soon as I exit and I get a message in the top left saying "was equipped" but it doesnt show the item equipped. Nothing appears in my active magic list.
I've tried dropping all equipment, changing areas, reloading my saves, etc. but nothing has worked. It keeps happening at the same point in game. Has this happened to anyone else? Does anyone know what graphical effect this is so I can try disabling it from the console?