The DOW, SP, & NASDAQ futures are all selling off.
(DOW Down over 100 points as of 0215 hours).
The US dollar is selling off.
Oil is selling off.
Yield curve flattening out.
What is going on here? Of course the financial main stream media will be blaming President Trump. President Trump when the market is rallying, President Trump when the market is selling off. The President is the reason for everything! The hysterical media can't see past him!
Obviously, the stock market is overvalued and a sell off is inevitable, but why tonight? What happened? The MSM is always in a panic about President Trump, today is nothing new. Is there an incident we are unaware of?
With the interest rates rising (albeit slowwwwwly), and the geopolitical risk at the highest level in years you'd think the dollar would be in rally mode. Obamacare repeal, tax reform etc one would think the opposite would be happening
Stocks selling off, dollar selling off, bond market signals screaming! Why?
@marketreport take:
You nailed it. It's overvalued and gotta fall some.
We all want a return to fair value.