- S&P futures down 0.1% in choppy trading after US equities came under further pressure on Tuesday with S&P 500 suffering first back-to-back decline of over 3% since the August 2015 China devaluation.
- S&P bullish sentiment is at 30% and the lowest level since last June. This can and probably will continue into the teens and maybe single digits.
- Asian markets broadly lower overnight with Australia the worst performer. China, Japan, and Hong Kong all fell less than 1%.
- European down markets with Germany one of the notable laggards.
- Treasuries mostly weaker with the curve steepening. Dollar firmer on risk-sensitive yen crosses while a bit weaker vs euro.
- Gold down 0.1%. WTI crude down 1.7%.
- Thinking about buying a few things for short term trades today. I will put out a Trade Ideas email by 10am if I do