US stock market open 24 September 2015
- S&P -15pts to 1923
- Dow -155pts to 16124
- Nasdaq -36pts to 4716
US 10 year yields 2.09% -6bp
Stock markets have enough to worry about without the added pressure of the VW scandal. Fingers are starting to be pointed elsewhere and questions asked. It's not a catalyst but it is another weight around the neck for stocks
If this VW saga spreads to other companies and countries then the fallout could grow. Reader Peter MACD has a great article that shows that the German economy could be getting stiffed by the VW reverberations
