- In most market cycles, higher interest rates have little effect on markets ... until they do. The cryptocurrency sector has been the most frothy space this time around, and it's in full crash mode now, with double-digit percentage daily declines the norm.
- Stocks may have begun to take notice of tighter money this week, and the downturn in the S&P 500 - while relatively tiny - is looking like something more than just a blip on the longer-term chart.
- More losses appear in store for the open, with S&P 500 and Nasdaq 100 futures down 0.7%, and Dow futures off 0.9%. The 10-year Treasury yield holds at a multi-year high of 2.79%. Coming up at 8:30 ET is the January jobs report. Could be an interesting one.
- Amazon (NASDAQ:AMZN) remains sharply higher premarket following last night's earnings; Google (NASDAQ:GOOGL) sharply lower, and Apple (NASDAQ:AAPL) modestly in the green.
- ETFs: SPY, QQQ, DIA, VOO, SH, SDS, IVV, SSO, TQQQ, SPXU, UPRO, SPXL, RSP, SQQQ, SPXS, PSQ, VFINX, QID, QLD, UDOW, DOG, DXD, SDOW, DDM, EPS, QQQE, QQEW, BXUB, SPLX, SPUU, QQXT, BXUC, SFLA, SPDN, SPXE, SPXT, EDOW, OTPIX, LLSP, UDPIX, SPXV, RYARX, SPXN, DMRL, RVRS, USMC
- Now read: My Current View Of The S&P 500 Index - February 2018
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