US equity markets are opening down extremely hard this morning after futures traded limit-down from shortly after last night’s open.
The 10% surge in stocks to end Friday and provide hope into the weekend has been decimated…
And with the S&P 500 opening worse than 7% lower, (below 2521), the first circuit-breaker has been hit and trading will pause for 15 min.
As a reminder:
If declines 13%, (to 2358) trading will again pause for 15 mins
If falls 20%, (to 2168) the markets would close for the day.
Oh and then there’s this…