– For all those claiming that stocks had priced in 3 (or more) 50bps (or more) rate hikes, we have some bad news.
All hell is breaking loose on Monday, with futures tumbling (again) into bear market territory, sliding below the 20% technical cutoff from January’s all time high of 3,856 and tumbling as low as 3,798.25 – taking out the May 10 intraday low of 3,810 – before reversing some modest gains. S&P 500 futures sank 2.5% and Nasdaq 100 contracts slid 3.1%, in a session that has seen virtually everything crash. Dow futures were down 567 points at of 730am ET.
Learn More: https://www.zerohedge.com/markets/black-monday-all-hell-breaks-loose-stocks-plunge-bear-market-curve-inverts-cryptos-crater
Your Support of Independent Media Is Appreciated:
If you want to stream, Sign Up! https://dlive.tv/r/refer/streamer?name=dahboo7
UWN Facebook- https://www.facebook.com/DAHBOO7/