{"id":51665,"date":"2020-03-09T08:52:35","date_gmt":"2020-03-09T13:52:35","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51665"},"modified":"2020-03-09T08:52:42","modified_gmt":"2020-03-09T13:52:42","slug":"sp-opens-down-7-triggers-circuit-breaker-halted-for-15-mins","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51665","title":{"rendered":"S&#038;P Opens Down 7%, Triggers Circuit-Breaker &#8211; Halted For 15 Mins"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/sp-opens-down-7-immediately-halted-15-mins-trigger-circuit-breaker\">S&amp;P Opens Down 7%, Triggers Circuit-Breaker &#8211; Halted For 15 Mins<\/a><\/h3>\n\n\n\n<p>As we noted pre-open, S&amp;P futures were locked limit-down 5%, but as we noted SPY was trading down 7.5% in the pre-open and now that the<strong>&nbsp;cash S&amp;P 500 has opened and tumbled 7%&#8230;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-09_6-34-31.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>it is now halted for 15mins as the first major circuit-breaker has kicked in.&nbsp;<a href=\"https:\/\/www.cmegroup.com\/trading\/equity-index\/faq-sp-500-price-limits.html\">As a reminder<\/a>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>If the S&amp;P 500 declines 7%, (208 points), trading will pause for 15 min<\/li><li>If declines 13%, (386 pts) trading will again pause for 15 mins<\/li><li>If falls 20%, (594 pts) the markets would close for the day.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/circuit%20breaker.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/circuit%20breaker.jpg?itok=pvlNc_S_\"><\/a><\/p>\n\n\n\n<p>Additionally, Canadian stocks are down 7% at the open, the most sicne 2008; and Brazilian stocks are down 10% at the open, triggering their circuit breaker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Opens Down 7%, Triggers Circuit-Breaker &#8211; Halted For 15 Mins As we noted pre-open, S&amp;P futures were locked limit-down 5%, but as we noted SPY was trading down 7.5% in the pre-open and now that the&nbsp;cash S&amp;P 500 has opened and tumbled 7%&#8230; it is now halted for 15mins as the first major circuit-breaker [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[29183,696,827,4318],"class_list":["post-51665","post","type-post","status-publish","format-standard","hentry","category-economics","tag-market-closure","tag-sp","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51665"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51665\/revisions"}],"predecessor-version":[{"id":51666,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51665\/revisions\/51666"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}