Dow futures -1037
— Quoth the Raven (@QTRResearch) March 8, 2020
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 falteringNext 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
— M/I_Investments (@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— FreeMarkets-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 – on the radio in Hong Kong (@MoneyTalkR3) March 8, 2020
Dow futures down almost a thousand points
https://www.marketwatch.com/investing/future/djia%20futures?mod=home-page
AC