> The cash equities market is subject to circuit breakers established by the New York Stock Exchange in the wake of the 1987 Black Monday crash. Trading will halt for 15 minutes if the S&P 500 falls 7% to 2,764.3 at any time before 3:25 p.m. in New York. ...
That's less than a 1% drop from here.
Right now, all eyes are on the Fed and the size of the bazooka they'll be deploying.
Anything short of outright stock purchases is not going to be received well. Despite the desperation that move smells like, the Fed would be merely following ground already trodden by the Bank of Japan, which now owns around 80% of the Japanese ETF market.
That's less than a 1% drop from here.
Right now, all eyes are on the Fed and the size of the bazooka they'll be deploying.
Anything short of outright stock purchases is not going to be received well. Despite the desperation that move smells like, the Fed would be merely following ground already trodden by the Bank of Japan, which now owns around 80% of the Japanese ETF market.
Edit: only 5 points to go.