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Both Brent (May) and WTI (April) crude futures are trading at $100+. Superficially it may look that Brent/WTI spread has vanished, but not when the same month is used for both. https://www.cmegroup.com/
Japan’s Nikkei 225 tumbled 6.22%, falling below the 53,000 mark for the first time since Feb. 6, while the Topix was down 5.27%.
South Korea’s Kospi was down 6.68%, triggering a temporary trading halt for the Kospi 200 futures. A circuit breaker was activated last week when the benchmark tumbled more than 12% Wednesday to record its worst single-day decline.
Australia’s S&P/ASX 200 fell 3.68% in early trade.
Big fun, yah. CNBC is showing S&P futures now at 6600, just a hair above the 200d moving avg. 10y Treasury headed up, 4.20 at the moment, dollar up strongly. Dang, I was thinking of UUP as a slight hedge for what foreign holdings I still have, but looks like I missed a good entry point.
Future market for tomorrow looks bad. Hope this would improve by morning. Fir mow, here is a snap shot:
S&P500, Dow, and NASDAZ are down over 2% Oil future is over $113 a barrel. Dollar index is up and oversea stocks are down VIX (fear index) is up 29 points https://finviz.com/futures.ashx
We stay with a conservative portfolio having 40% stocks, 50% bonds, and 10% cash. As of last week, we were down ~ 1.6%. We will hang in there. If the market fall further, we will do more Roth conversion.
Comments
https://www.cmegroup.com/
Japan’s Nikkei 225 tumbled 6.22%, falling below the 53,000 mark for the first time since Feb. 6, while the Topix was down 5.27%.
South Korea’s Kospi was down 6.68%, triggering a temporary trading halt for the Kospi 200 futures. A circuit breaker was activated last week when the benchmark tumbled more than 12% Wednesday to record its worst single-day decline.
Australia’s S&P/ASX 200 fell 3.68% in early trade.
ASX 200 is down the about the same (Australia).
Not sure what other markets may be open.
Oil & Gas are exploding upwards.
Tomorrow should be fun.
But to quote every Star Wars movie..."I've got a bad feeling about this".
S&P500, Dow, and NASDAZ are down over 2%
Oil future is over $113 a barrel.
Dollar index is up and oversea stocks are down
VIX (fear index) is up 29 points
https://finviz.com/futures.ashx