US futures markets opened overnight with a flourish, extending Monday’s New Year’s Eve panic-bid close. But as with all moments of excess, there is a price to be paid and the hangover has accelerated as markets head into the European open with Dow futures down 400 points from the highs…
All the major indices have reversed early gains, back to last week’s lows…
And as a reminder, stoks have quiet a catch down to go if bonds are right over the Xmas holiday…
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