US Equity Futures Are Plunging… Again

It is unclear what the immediate catalyst is this time – aside from the fact that we are now outside of the stock-trading-machines reach – but US equity futures are plunging in early Asia trading.

Dow futures are down 650 points…

Erasing most of the day’s gains…

“…and suddenly millions of bailout-demanding voices cried out in terror and were suddenly silenced. I fear something terrible has happened.”

Some have suggested that Treasury Secretary Mnuchin’s warning of 20% unemployment spooked some traders.