S&P Futures Collapse Over 30 Points – Back To Pre-Taper Levels

S&P Futures Collapse Over 30 Points – Back To Pre-Taper Levels

After tagging the stops above 1,800 overnight following the Turkish rate hike, S&P futures have collapsed over 30 points and are hovering back at pre-Taper levels from 6 weeks ago. For now USDJPY 102 is critical support for stocks. 10Y bond yields have slammed lower testing 2.70 and the lowest levels in 2 months.

S&P futures have collapsed over 30 points from overnight highs…

Still think its about fun-durr-mentals…(JPY carry is in charge)

Charts: Bloomberg

Your rating: None Average: 4.5 (6 votes)

Share This:
free vectors