European stocks are following suit with the DAX down by 1.2% currently
I'm not seeing any news that could have instigated the sudden dip, but it just keeps going. The S&P 500 futures are now down 0.7% on the day to lows of 2,737.50.
There's heightened geopolitical tensions all around, with Brexit comments, UK-Russia, EU-Iran. But the fall here is sharp and a quick one. The comments from officials regarding the geopolitical stuff isn't anything too new, so yeah. Tech firms are being hit the hardest in Europe at the moment.
Interestingly, the drop here in S&P 500 futures could be an indication of a break of the wedge that is to come in the cash equity market that was highlighted last week here.
Perhaps that is the risk the market needs to look at next.
