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DarkKnightNomeD

US Equity Futures Are Crashing

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 DarkKnightNomeD    1,573

US Equity Futures Are Crashing

http://www.zerohedge.com/news/2015-08-23/us-equity-futures-are-crashing

Read the rest of the article in the link above.

 

It is unclear just what is going on, or whether some prop desk or hedge fund just got tapped out, and/or how the Fed will react but the last time we had action like this, the Fed confused a liquidating SocGen trader for an economic collapse, and cut rates by 75 bps in January of 2008. This time it does not have that luxury.

Edited by DarkKnightNomeD

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 A    38
08/23/15 07:16 PM EDT

U.S. stock futures dropped in early trade late Sunday following the worst week for stocks in four years. Futures for the Dow Jones Industrial Average dropped 139 points, or 0.8%, to 16328, while futures for the S&P 500 [ESU5] lost 17 points, or 0.8%, to 1955. Volume is light. Investors are debating whether will deter the Federal Reserve from raising interest rates in September. The new week includes reports on durable goods and consumer confidence, among other items. In a note to clients last week, Jeffrey Saut, chief investment strategist at Raymond James, noted that

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