Select Page

The Ultimate Managed Hosting Platform

Dow Indicated 1,000 Lower Ahead Of Futures Open

Dow Indicated 1,000 Lower Ahead Of Futures Open
Load WordPress Sites in as fast as 37ms!

Dow Indicated 1,000 Lower Ahead Of Futures Open

Friday’s record 2000 Dow point surge will likely be cut in half if the spread bettors at IG are correct in indicating that the Dow is set to open about 1,000 points lower.

Meanwhile, in FX markets which are already open, moves appear relatively calm with the dollar modestly higher across most pairs expects the Yen, which however crashed on Friday as the US dollar funding squeeze hit levels not seen since the crisis.

Two caveats: this level is just indicative based on a handful of traders in a market vacuum, and ignores all the positional reflexivity and negative gamma that will emerge violently on the scene one futures do open for trading, where a crash as big as this will likely drag futures even lower… or not. The truth is nobody knows what happens next as the market has never before found itself in such a place.

Two: even if futs open about 4% lower, where they go from there will depend on the Fed. If, as BofA expects, the Fed announced a Commercial Paper facility, watch out above, as futures soar limit up as the dollar funding crisis is set aside for the time being. On the other hand, if the Fed does nothing and disappoints “whisper” expectations of a late Sunday intervention, then all bets are off.

Tyler Durden

Sun, 03/15/2020 – 16:33

Follow The Libertarian Hub This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: