Black Monday? Dow Futures Down One Thousand Points! The World Seems To Be Unraveling Before Our Eyes.

https://twitter.com/QTRResearch/status/1236775216786878464

Trapped.$CAD just broke down from a massive bearish pennant.

Now add:

– A housing bubble with record indebted Canadians
– Oil collapsing
– BoC panicking
– Global economy faltering

Next domino to fall?
Levered Canadian banks.

It already started. pic.twitter.com/nCGLUu16dc

— Otavio (Tavi) Costa (@TaviCosta) March 8, 2020

S&P 600 futures open down 100-plus points or 3.5%

Oil drops nearly 30%, trying to hold $30

— Danielle DiMartino Booth (@DiMartinoBooth) March 8, 2020

Middle East Indexes all crashing, Kuwait down 10% and halted, Saudi Arabia down 8%. Aramco below IPO

FT: 'How much longer can we run an economy driven so disproportionately by financially-engineered Asset Bubbles?'

Indeed🤔🤨😷@EricRosengren @RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic @benbernanke @steveliesman @michaelsderby @Neil_Irwin

https://t.co/tuEfiDmla3

— M/1_LP (@MI_Investments) March 8, 2020

Markets are more than just equities.
Credit markets are bigger.

"keep an eye on credit spreads and especially on things like FRA/OIS and cross-currency basis."
"If you see that stuff continue to widen out, that's when you should be concerned." https://t.co/ngYECJEsHu

— Markets-like people-should be free-TQN-👑 (@TechQn) March 8, 2020

The Kuwait Stock Exchange Index has dropped 10% today. Trading has now been suspended. pic.twitter.com/fxzI2UXYWu

— Peter Lewis Money Talk (@MoneyTalkR3) March 8, 2020

Dow futures down almost a thousand points

https://www.marketwatch.com/investing/future/djia%20futures?mod=home-page

AC