Sunday, May 5, 2019

"Dow Futures Plunge 500 Points As Markets Adjust To Trump Trade Threats"

From ZeroHedge:
Update: Futures markets have just opened and Dow Futures are down 500 points...
All of Friday's melt-up to record high gains, gone...
WTI Crude is down over 2% at the open...
What is more problematic, as Nomura's Charlie McElligott warns in an emergency note this evening:
SPX / SPY consolidated options “Gamma” is set to flip ‘negative’ around 2890 as an “acceleration point” where moves could get sloppy with dealer hedging....
...MORE

Earlier at ZH:
Trade Deal Dead: Trump Says 10% China Tariff Rising To 25% On Friday, Another $325BN In Goods To Be Taxed