The global equity markets are under pressure this morning. S&P Futures are down about 25 points to trade around the 3905 area. Sellers regained control after a brief test of the 3950 resistance area. The market has not looked back since the high print was established at 3954.25. Spoos currently are sitting just off the low of 3891.50.
St. Louis Fed President Bullard (FOMC voter) says 75 basis point rate increase not his base case and thinks moving in 50 basis point increments is good plan for now; suggests Fed should get target range to 3.25-3.50% by end of the year
Bitcoin slumps below $27,000 overnight, hitting lowest level since December 2020
Senate confirms Philip Jefferson to Fed Board of Governors