The global equity markets are under heavy pressure. The S&P Futures are down well over 2% and trading around the 3708 area. An overnight meltdown occurred after yesterday’s late-day bid failed be maintained. The market pressed up to a high of 3833.25 early in the session. Sellers soon took control and have not relinquished. Spoos are sitting just off the low of 3695.00.
S&P Futures vs Fair Value: -84.0
10 yr Note: 3.444%
USD/JPY: 132.94 -0.89
EUR/USD: 1.0420 -0.0026
Europe: FTSE: -2.0% DAX: -2.7% CAC: -2.2%
Asia: Hang Seng: -2.2% Shanghai: -0.6% Nikkei: +0.4%
Gold (1834.80 +15.20) Silver (21.61 +0.19) Crude (115.00 -0.31)