Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic | ZeroHedge
One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high... ... 10Y yields exploding higher, surging more than 10bps so far today... ... in what appears to be the latest bond market flash smash which has pushed 10Y yields to the highest level since 2010... ... and S&P futures plunging over 1.4%, and the S&P set to open at a fresh 2022 low... ... with futures set to drop nearly 5% (or more) for a 2nd consecutive week, and down 5 of the past 6 weeks! Besides the soaring dollar, two other drivers contributed to today's widespread market panic: In premarket trading, Costco shares declined 3.3% as analysts flagged that volatility may remain high for the company’s shares. Analysts mostly welcomed its report of modest improvements in inflation and supply chains. here are the other notable premarket movers: Europe's Stoxx 600 dropped more than 1%, declining 20% from January record high, set to e
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### Response: One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high... ... 10Y yields exploding higher, surging more than 10bps so far today... ... in what appears to be the latest bond market flash smash which has pushed 10Y yields to the highest level since 2010... ... and S&P futures plunging over 1.4%, and the S&P set to open at a fresh 2022 low... ... with futures set to drop nearly 5% (or more) for a 2nd consecutive week, and down 5 of the past 6 weeks! Besides the soaring dollar, two other drivers contributed to today's widespread market panic: In premarket trading, Costco shares declined 3.3% as analysts flagged that volatility may remain high for the company’s shares. Analysts mostly welcomed its report of modest improvements in inflation and supply chains. here are the other notable premarket movers: Europe's Stoxx 600 dropped more than 1%, declining 20% from January record high, set to e