Global Futures Slightly Green; United States Futures Slightly Red; VIX Moves 2%

Source: Pixabay

Quotes as of 08/14/2019 12:07AM PST according to Yahoo Finance. Quotes should not be taken as real time.

After a wonderful day of gains across global and domestic markets following an announcement that tariffs set to go in place on September 1st will be pushed to December to distinguish which Chinese goods will be exempt from new tariffs.

Currently the Dow 30 futures have fallen -0.25%.

The S&P 500 futures are down -0.23% along with the NASDAQ futures down -0.27%

S&P 500 VIX has moved +1.96% citing a return of uncertainty but still down largely with the -14.75% drop experienced yesterday.

The China A50 futures have risen +0.40%

The Nifty 50 futures are currently up +1.07%

China H-shares futures are flat.

The Hang Seng futures are currently showing a loss of 0.20%.

Europe futures on the Euro Stoxx 40 are down at -0.48%

Nikkei 225 futures are green +0.91% and the TOPIX futures down -0.71%.

CAC 40 futures are down -0.37%

Currently we’re trading in an upward channel and retesting the lower range. If we can move above our moving averages, we’re likely to see a retest of the 300 level which would be the upper channel we’re trading between.

The market also is currently reflecting 25% chance that a larger than 50bp rate cut is likely for next month. A 1/4 point rate cut is presumed for this September 18th.

Disclaimer: This is not financial advice, I am not a financial adviser. I hold no positions in the S&P nor volatility index.

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