That title might be a bit extreme. Japan is off a little more than 1.5% and Australian stocks are off about 2%. All in all, the Asian session is an organized mess.
DAX futures are indicating down 1.7%.
Dow futures are off by 80, hardly anything to worry about thus far.
But, underneath the surface, there are a few things for you to start panicking over–much of which has to do with seasonality. ‘Tis the season for sharply lower markets. Right now, WTI crude is off by 1.2% and bonds are rallying.
All eyes on CNH, as it nears 6.7. Should the yuan break 6.7, I promise you will hear about people worrying about Chinese capital flight, bearing witness to centaurs in Beijing kicking people in the chest for their dollars.
Gold is lower again by 0.45% and silver is down 2.5%.
Copper is continuing the path of least resistance, lower–now off by 0.7%
UPDATE: DAX futs -2.1%. The Hang Seng is off by 2.75%
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Oil at critcal level. Die bitch.
so the only hedge is volatility or cash. Nice.
ultimately LT Treasures and Gold will reign supreme but basically there’s no way to protect capital unless you sell.
The Winchester House meet a lost and starving Rainman set up. We will see. Probably just those dastardly irredeemables.