#FuturesFall
U.S. stocks are poised to follow Asian and European bourses lower at the opening. The S&P 500 is down 6.0% (175 points), since hitting its record high a month ago on September 20. Futures are forecasting the Dow and S&P to be down ~1.5% at the market opening this morning. Skittish investors cite the Fed raising rates, China’s slowdown, election jitters, and death in Istanbul of WSJ journalist Jamal Khashoggi as catalysts accelerating the selloff. Others, see the pull-back as quite normal in a bull market that has increased 300%, in tandem with rising earnings, and exhibited remarkable resilience for over 9 years. Nothing goes up forever, does it?
