US stocks hit an air pocket at the open

Author: Ryan Littlestone | Category: News

US stock market open 9 September 2016

  • S&P -18 pts at 2162
  • Dow -149 pts at 18330
  • Nasdaq -37 pts at 5221

Stocks are getting dumped, the dollar is getting bought, US Treasury yields are rising (10's are +6bp to give you 1.66%), it can only mean one thing...HIKE!

What could go wrong? ;-)

To illustrate that point, yesterday a Sep hike was a 28% chance according to FFR probabilities, today it's 38%           

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