U.S. stock futures began the week deeply in the red as investors continued to move to the sidelines in September amid several emerging risks for the market. Futures on the Dow Jones Industrial average lost 650 points, or 1.9%. S&P 500 futures fell 1.7%. Nasdaq 100 futures dropped 1.7%. If the declines hold after the open, the blue-chip Dow is set for its biggest one day drop since July 19, while the S&P 500 is poised for their worst sell-off since May. There were a number of reasons for the sell-off: Investors fear a contagion sweeping financial markets from the troubled China property market. Hong Kong equities saw a big sell-off during the Asia trading session on Monday. The benchmark Hang Seng index plunged 4% with embattled developer China Evergrande Group on the brink of default. The Federal Reserve begins a two-day meeting Tuesday and investors are worried the central bank will signal it’s ready to start pulling away monetary stimulus amid surging inflation and improvement in the job market. Covid cases because of the delta variant remain at January levels as colder weather approaches in North America. September has the worst track record of any month, averaging a 0.4% decline, according to the Stock Trader’s Almanac. History shows the selling tends to pick up in the back half of the month. Investors are also concerned about brinkmanship in DC as the deadline to raise the debt ceiling approaches. Congress returned to Washington from recess rushing to pass funding bills to avoid a government shutdown. Stocks linked to global growth were down the most in premarket trading Monday. Ford and Carrier Global lost more than 3%. General Motors and Boeing fell about 2% each. Nucor steel shed 2.8% Energy stocks tumbled as WTI crude oil fell 2% on concerns about the global economy. Occidental Petroleum, Hess and Devon Energy were among the biggest losers in premarket trading. The price of bitcoin dropped sharply Monday as investors began shedding risk amid an equity markets decline. While bitcoin is often called a safe haven asset, the growing reality is its price tends to go down amid broader declines in risk assets. Also much like stocks, bitcoin’s price usually experiences a September slide. Bitcoin lost more than 9% Monday and last traded at $43,818.20 according to Coin Metrics. The broader crypto market is in the red as well, with ether last down 10% to $2,985.95.
There were a number of reasons for the sell-off:
Investors fear a contagion sweeping financial markets from the troubled China property market. Hong Kong equities saw a big sell-off during the Asia trading session on Monday. The benchmark Hang Seng index plunged 4% with embattled developer China Evergrande Group on the brink of default.
The Federal Reserve begins a two-day meeting Tuesday and investors are worried the central bank will signal it’s ready to start pulling away monetary stimulus amid surging inflation and improvement in the job market.
Covid cases because of the delta variant remain at January levels as colder weather approaches in North America.
September has the worst track record of any month, averaging a 0.4% decline, according to the Stock Trader’s Almanac. History shows the selling tends to pick up in the back half of the month.
Investors are also concerned about brinkmanship in DC as the deadline to raise the debt ceiling approaches. Congress returned to Washington from recess rushing to pass funding bills to avoid a government shutdown.
Stocks linked to global growth were down the most in premarket trading Monday. Ford and Carrier Global lost more than 3%. General Motors and Boeing fell about 2% each. Nucor steel shed 2.8%
Energy stocks tumbled as WTI crude oil fell 2% on concerns about the global economy. Occidental Petroleum, Hess and Devon Energy were among the biggest losers in premarket trading.
The price of bitcoin dropped sharply Monday as investors began shedding risk amid an equity markets decline.
While bitcoin is often called a safe haven asset, the growing reality is its price tends to go down amid broader declines in risk assets. Also much like stocks, bitcoin’s price usually experiences a September slide.
Bitcoin lost more than 9% Monday and last traded at $43,818.20 according to Coin Metrics. The broader crypto market is in the red as well, with ether last down 10% to $2,985.95.
比特币超过100美元就是泡沫，啥时候跌到100美元以下了，再喊“大跌”好吧？
真正的考验可能在周3,周4，FOMC 无论 FED 说什么，市场的反应可能都是向下的