Futures off 6.5%: Look Out Below!



US Futures are trading down 6.5% — thats limit down on S&P Futures — the percentage trigger where trading halts has been hit.

Looks like quite the free fall this morning — Dow Futures off 5%, following the announcement of a contraction of GDP in the British economy. A global sell off has ensued.

Stocks tumbled around the world. South Korea’s Kospi Index sank 10%; Japan off about 10%, and Europe Indices fell about 6%. The MSCI World Index lost 3.6%. Europe’s Dow Jones Stoxx 600 Index slid 6.3%, and the MSCI Asia Pacific Index sank 6%.

Will we hit NYSE circuit breakers today?




Of course, today is a day I will be traveling — I won’t be able to update until later this morning. 

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